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Answer #s 1 - 4 Following are some transactions? 'fid. events gf'Bu:siness March. 2S fhe a $2,so for $3 noo on credit serviceg, invoice dated
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Following are some transactions? 'fid. events gf'Bu:siness March. 2S fhe a $2,so for $3 noo on credit serviceg, invoice dated March 25 Required: 1. Assume thal!;, Lyn AddieiSinfiUpmarried empllOyeeJHer $1,120 ofwages have deductions for iFICA Social Se;qrity taxes, FICA Medicare taxes,nd federall income 'taxes. Her fegeral income taxes for this pay period totaj $112, Compute her net pay for the eigblf idayse work FCbrUary 2. Record thejournaljentry toxefleclt:the payroll payment to Lyn Addie as computed;nn part 1. 3. Record-thejournalnitry to refleeltlthie (employer) payrolll tax eFpenses for the February 26payrll paymentAssume Lyn Addie hasnotmetearningsuimits for SUTA (the FUTA rate is 0.6% and the SUTA rate is 5.4% for the 4. Recor&the entries -for the merchaniiSeSpld on March 25 if sales tax rate app'liesl iComplete thiis@ues Ion, by entering your answers jn the tabs below n Required 4 ml edempilloy&lHek$iljt' Wages have deductions foq IFICASpdal: Securityqtaxes, FLCA an un iMdicare taxes.nafederal incomeii;taxesl Hetederajl}ingome taxes for this pay period total $11Z:Compute 'her net pay for 'intermediate calculatvone Required 2:
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