E11-18 (similar to) 3 Question Help Harry Sully manages a Dairy Land drive-in. His straight-time pay is $13 per hour, with time-and-a-half for hours in excess of 40 per week. Sully's payroll deductions include withheld income tax of 20%, FICA tax, and a weekly deduction of $10 for a charitable contribution to United Way. Sully worked 50 hours during the week. (Click the icon to view payroll tax rate information.) Read the requirements. Requirements x More Info 1. Compute Sully's gross pay and net pay for the week. Assume earnings to date are $8,000. 2. Journalize Dairy Land's wages expense accrual for Sully's work. An explanation is not required. 3. Journalize the subsequent payment of wages to Sully. For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee OASDI: 6.2% on first $118,500 earned; Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000. Employer: 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 Print Done Print Done