E-F:11-18 Computing and recording gross and net pay

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. Stanleys 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.

Requirements

1. Compute Stanleys gross pay and net pay for the week. Assume earnings to date are $18,000.

2. Journalize Dairy Houses wages expense accrual for Stanleys work. An explanation is not required.

3. Journalize the subsequent payment of wages to Stanley.

I HAVE TO DO THIS EXERCISE BUT USING A 6.2% OF GROSS PAY FOR THE FICA TAX

PLEASE I NEED AN ANSWER AS SOON AS POSSIBLE