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Gloria Maxwell works at College of EI Paso and is paid $30 per hour for a 40 -hour workweek and time-and-a-half for hours above 40

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Gloria Maxwell works at College of EI Paso and is paid $30 per hour for a 40 -hour workweek and time-and-a-half for hours above 40 . (Click the icon to view payroll tax rate information.) Read the requirements. Requirement 1. Compute Maxwell's gross pay for working 54 hours during the first week of February. Requirement 2. Maxwell is single, and her income tax withholding is 15% of total pay. Maxwell's only payroll deductions are payroll taxes. Compute Maxwell's net (take-home) pay for the weekAssume Maxwell's earnings to date are less than the OASDI limit. (Round all amounts to the nearest cent.) Gloria Maxwell works at College of EI Paso and is paid $30 per hour for a 40 -hour workweek and time-and-a-half for hours above 40 . (Click the icon to view payroll tax rate information.) Read the requirements. Requirement 3. Journalize the accrual of wages expense and the payments related to the employment of Gloria Maxwell. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Begin with the entry to accrue wages expense and payroll withholdings for Gloria Maxwell. (Round all amounts to the nearest cent.) Now record the entry to record the payment of wages to Gloria Maxwell. (Round all amounts to the nearest cent.) More info For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee: OASDI: 6.2% on first $132,900 earned; Medicare: 1.45% up to $200,000,2.35% on earnings above $200,000. Employer: OASDI: 6.2% on first $132,900 earned; Medicare: 1.45%; FUTA: 0.6% on first $7,000 earned; SUTA: 5.4% on first $7,000 earned

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