Brooke Bennington works for XYZ all year and earns a monthly salary of $12,400. There is no overtime pay. Brooke's income tax withholding rate is 24% of gross pay. In addition to payroll taxes, Brooke elects to contribute 4% monthly to United Way. XYZ also deducts $300 monthly for co-payment of the health insurance premium. As of September 30, Brooke had $124,000 of cumulative earnings. i (Click the icon to view payroll tax rate information.) Read the requirements. Requirement 1. Compute Brooke's net pay for October. (Round all amounts to the nearest cent.) Withholding deductions: Net (take-home) pay

More info For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee: OASDI: 6.2% on first $132,900 earned; Medicare: 1.45% up to $200,000,2.35% on earnings above $200,000. Employer: OASDI: 6.2% on first $132,900 earned; Medicare: 1.45%; FUTA: 0.6% on first $7,000 earned; SUTA: 5.4% on first $7,000 earned. Brooke Bennington works for XYZ all year and earns a monthly salary of $12,400. There is no overtime pay. Brooke's income tax withholding rate is 24% of gross pay. In addition to payroll taxes, Brooke elects to contribute 4% monthly to United Way. XYZ also deducts $300 monthly for co-payment of the health insurance premium. As of September 30. Brooke had $124,000 of cumulative earnings. (Click the icon to view payroll tax rate information.) Read the requirements. Requirements 1. Compute Brooke's net pay for October. 2. Journalize the accrual of salaries expense and the payment related to the employment of Brooke Bennington