E11-18 (similar to) Question Help Henry Smith manages a Dairy World drive-in. His straight-time pay is $19 per hour, with time-and-a-half for hours in excess of 40 per week. Smith's payroll deductions include withheld income tax of 20%, FICA tax, and a weekly deduction of $8 for a charitable contribution to United Way. Smith worked 55 hours during the week. (Click the icon to view payroll tax rate information.) Read the requirements Requirement 1. Compute Smith's gross pay and net pay for the week. Assume earnings to date are $8,000. (Round all amounts to the nearest cent.) Begin by computing Smith's gross pay for the week. Straight-time pay for 40 hours Requirements Straight-time pay for 40 hours More Info Gross Pay For all payroll calculations, use the following tax rates and round amounts to the nearest cent: 1. Compute Smith's gross pay and net pay for the week. Assume earnings to date are $8,000 2. Journalize Dairy World's wages expense accrual for Smith's work. An explanation is not required. 3. Journalize the subsequent payment of wages to Smith, 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 Print Done Print Done Choose from any list or enter any number in the input fields and then click CheckAnswer. ? parts remaining Clear All Check Answer E11-18 (similar to) Question Help Henry Smith manages a Dairy World drive-in. His straight-time pay is $19 per hour, with time-and-a-half for hours in excess of 40 per week. Smith's payroll deductions include withheld income tax of 20%, FICA tax, and a weekly deduction of $8 for a charitable contribution to United Way. Smith worked 55 hours during the week. (Click the icon to view payroll tax rate information.) Read the requirements Requirement 1. Compute Smith's gross pay and net pay for the week. Assume earnings to date are $8,000. (Round all amounts to the nearest cent.) Begin by computing Smith's gross pay for the week. Straight-time pay for 40 hours Requirements Straight-time pay for 40 hours More Info Gross Pay For all payroll calculations, use the following tax rates and round amounts to the nearest cent: 1. Compute Smith's gross pay and net pay for the week. Assume earnings to date are $8,000 2. Journalize Dairy World's wages expense accrual for Smith's work. An explanation is not required. 3. Journalize the subsequent payment of wages to Smith, 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 Print Done Print Done Choose from any list or enter any number in the input fields and then click CheckAnswer. ? parts remaining Clear All Check
