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Can anyone help me calculate the following? Gross pay, assuming FICA at 6.2% and Medicare at 1.45%. Problem #2: Your Name Drugstore pays employees on

Can anyone help me calculate the following? Gross pay, assuming FICA at 6.2% and Medicare at 1.45%.

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Problem #2: Your Name Drugstore pays employees on a weekly basis, and it is the rst pay period of the year. The manager's weekly salary is $500.00 plus commission of 3% of month-to-date sales. The total month-to-date sales for January are $50,000.00. The manager contributes 5% of his gross pay to his 401K retirement plan. He also contributes $10.00 per pay period to United Way of Southern Nevada. Based on the Employer's Tax Guide, his federal withholding tax is 15% of total gross pay. Your Name Drugstore matches the manager's contributions to his 401K retirement plan. The company covers employees with medical health insurance at 20%. The company rate for Nevada state unemployment is 3%, and the rate for workers' compensation insurance is 5%. For the pay period covering January 17 of the current year, complete the following: 1. Compute the manager's gross pay. 2. Compute the manager's total deductions. 3. Compute the manager's net pay. 4. Compute Your Name Drugstore's total involuntary contributions for the manager. 5. Compute Your Name Drugstore's total voluntary contributions for the manager. a Record the necessary journal entry to pay the manager's salaries for this pay period, assuming the company does not keep a separate payroll account. 7. Record the necessary journal entry for the payroll taxes. 8. Record the necessary journal entry for the employer's voluntary contributions

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