Following are some transactions and events of Business Solutions. Feb. 26 The company paid cash to Lyn Addie for eight days! work at $125 per day. Tur. 25 The camp sold merchandise vith a $2.002 cost for $2.800 on credit to Widat Services, wice dated Harch 25, Required: 1. Assume that Lyn Addie is an unmarried employee. Her $1,000 of wages have deductions for FICA Sodal Security taxes, FICA Medicare taxes, and federal income taxes Her federal income taxes for this pay period total $159. Compute her net pay for the eight days' work paid on February 26. (Round your answer to 2 decimal places. Do not round intermediate calculations.) 2. Record the Journal entry to reflect the payroll payment to lyn Addie as computed in part 1 (Round your answers to 2 decimal places. Do not round intermediate calculations.) 3. 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 06% and the SUTA rate is 5.4% for the company. (Round your answers to 2 decimal places. Do not round intermediate calculations.) 4. Record the entries for the merchandise sold on March 25 if a 4% sales tax rate applies Complete this question by entering your answers in the tabs below. Required 1 Required Required 3 Required Assume that Lyn Addie is an unmarried employee, Her $1,000 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 $159. Compute her net pay for the eight days' work paid on February 26 Required 2 > RELUIU ule juurd enuy wie elule employer paylor tax expenses sur le reviuary 20 payron payment. Asume LY! Et met earnings limits for FUTA and SUTA (the FUTA rate is 0.6% and the SUTA rate is 5.4% for the company. (Round your decimal places. Do not round intermediate calculations.) Record the entries for the merchandise sold on March 25 if a 4% sales tax rate applies. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Record the journal entry to reflect the payroll payment to Lyn Addie as computed in part 1. View transaction tist Journal entry worksheet 1 Record the payroll expenses and liabilities for the eight days' work paid on February 26. Note: Enter debits before credits. Date Feb 26 General Journal Debit Credit Record entry Clear enty View general journal Saved 3. NELIU I juuri ny wenecLUTE Tuye Payroll Expenses our reuiuary 20 payroll payment assume Ly Muures not met earnings limits for FUTA and SUTA (the FUTA rate is 0.6% and the SUTA rate is 5.4% for the company. (Round your answers to 2 decimal places. Do not round intermediate calculations.) 4. Record the entries for the merchandise sold on March 25 if a 4% sales tax rate applies Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 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 0.6% and the SUTA rate is 5.4% for the company. View transaction list Journal entry worksheet
