Cheryl Love works at College of Portland and is paid $30 per hour for a 40-hour workweek and time and a half for hours above 40. (Click the icon to view payroll tax rate information) Read the reguitements Requirement 1. Compute Love's gross pay for working 46 hours during the first week of February Grons Pay Requirements 1. Compute Love's gross pay for working 46 hours during the first week of 2. Love is single, and her income tax withholding is 10% of total pay Love's only payroll deductions are payroll taxes. Compute Loves net (take home) pay for the week. Assume Loves earnings to dote are less than the OASDI limit, 3. Journalize the accrual of wages expense and the payments related to the employment of Cheryl Love Print Done Cheryl Love works at College of Portland and is paid $30 per hour for a 40 hour workweek and time and a half for hours above 40. (Click the icon to view payroll tax rate information) Read the requirements Requirement 1. Compute Love's gross pay for working 46 hours during the first week of February Gross Pay More info For al payroll calculations, use the following tax rates and round amounts to the newest cent Employee OASOL62 on first $132.900 earned: Medicare: 1.45 up to $200,000, 2.35 on earnings above $200,000 Employer OASDI: 6.2on first $132.900 earned: Medicare 1.45%, FUTA 06% on first $7.000 cerned, SUTA: 54% on first $7,000 earned Print Done Brooke Bailey works for MRK all year and earns a monthly salary of $12,100. 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 18 monthly to United Way. MRK also deducts $275 monthly for co-payment of the health insurance premium. As of September 30, Brooke had $121,000 of cumulative earnings Click the icon to view payroll tax rate information) Read the routements Requirement 1. Compute Brookes 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 newest cent Employee OASDI: 6.2 on first $132.900 eamed Medicare: 1.45 up to $200,000, 2.35 on earnings above $200,000 Employer: OASDI 621 on first $132.900 earned, Medicare: 1454 FUTA 0.6% on first $7.000 earned, SUTA 54 on first $7.000 camned Print Done Brooke Bailey works for MRK all year and eams a monthly salary of $12,100. 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 15 monthly to United Way, MRK also deducts $275 monthly for co-payment of the health insurance premium. As of September 30, Brooke had $121,000 of cumulative earnings (Click the icon to view payroll tax rate information) Read the requirements Requirement 1. Compute Brookes net pay for October (Round at amounts to the nearest cent) Withholding deductions Net (take home) pay Requirements 1. Compute Brookes net pay for October 2. Journalize the accrunt of salaries expense and the payment related to the employment of Brooke Bailey Print Done
