February $26$ The company paid cash to Lyn Addie for eight days' work at $$140$ per day.

March $25$ The company sold merchandise with a $$2,500$ cost for $$2,900$ on credit to Wildcat Services, invoice dated March $25.$

Assume that Lyn Addie is an unmarried employee. Her $$1,120$ of wages have deductions for FICA Social Security taxes, FICA Medicare taxes, and federal income taxes. Her federal income taxes for this pay period total $$112.$ Compute her net pay for the eight days' work paid on February $26.$

Record the journal entry to reflect the payroll payment to Lyn Addie as computed in part $1.$

Record the journal entry to reflect the $($employer$)$ payroll tax expenses for the February $26$ payroll payment. Assume Lyn Addie has not met earnings limits for FUTA and SUTA $($the C$.$ TA rate is $0\mathrm{.}6\%$ and the SUTA rate is $5\mathrm{.}4\%$ for the company$).$

Record the entries for the merchandise sold on March $25$ if a $4\%$ sales tax rate applies.

Assume that Lyn Addie is an unmarried employee. Her $$1,120$ of wages have deductions for FICA Social Security taxes, FICA Medicare taxes, and federal income taxes. Her federal income taxes for this pay period total $$112.$ Compute her net pay for the eight days' work paid on February $26.$

Note: Round your answer to $2$ decimal places. Do not round intermediate calculations.

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Net pay

Record the journal entry to reflect the $($employer$)$ payroll tax expenses for the February $26$ payroll payment. Assume Lyn Addie has not met earnings limits for FUTA and SUTA $($the FUTA rate is $0\mathrm{.}6\%$ and the SUTA rate is $5\mathrm{.}4\%$ for the company$).$

Note: Round your answers to $2$ decimal places. Do not round intermediate calculations.

Journal entry worksheet

$1$

Record the employer's payroll expenses and liabilities for the eight days' work paid on February $26.$

Record the journal entry to reflect the payroll payment to Lyn Addie as computed in part $1.$

Note: Round your answers to $2$ decimal places. Do not round intermediate calculations.

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Journal entry worksheet

$1$

Record the payroll expenses and liabilities for the eight days' work paid on February $26.$

Record the entries for the merchandise sold on March $25$ if a $4\%$ sales tax rate applies.

Note: Round your answers to the nearest whole dollar.

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Journal entry worksheet

$1$

$2$

Record the sales revenue of $$2,900$ on account to Wildcat Services together with $4\%$ sales tax on every dollar of merchandise sold.