E11-18 (book/static) : Question Help Hugh Stanley manages a Dairy House drive-in. His straight-time pay is $12 per hour, with time-and-a-half for hours in excess of 40 per week. Stanley's payroll deductions include withheld income tax of 20%, FICA tax, and a weekly deduction of $5 for a charitable contribution to United Way. Stanley worked 58 hours during the week. (Click the icon to view payroll tax rate information.) Read the requirements. Requirement 1. Compute Stanley's gross pay and net pay for the week. Assume earnings to date are $18,000. (Round all amounts to the nearest cent.) Begin by computing Stanley's gross pay for the week. Straight-time pay for 40 hours i More Info - X Gross Pay For all payroll calculations, use the following tax rates and round amounts to the nearest cent: i Requirements - X Employee: Employer: OASDI: 6.2% on first $118,500 earned; Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000. OASDI: 6.2% on first $118,500 earned; Medicare: 1.45% on all earnings, FUTA: 0.6% on first $7,000 earned; SUTA: 5.4% on first $7,000 earned. 1. Compute Stanley's gross pay and net pay for the week. Assume earnings to date are $18,000. 2. Journalize Dairy House's wages expense accrual for Stanley's work. An explanation is not required. 3. Journalize the subsequent payment of wages to Stanley. Print Done Print Done Choose from any list or enter any number in the input fields and then click Check Answer. 3 parts remaining Clear All Check