Hal Santana manages a Dairy King drive-in. His straight-time pay is $20 per hour, with time-and-a-half for hours in excess of 40 per week.Santana 's payroll deductions include withheld income tax of 40 %, FICA tax, and a weekly deduction of $8 for a charitable contribution to United Way. Santana worked 50 hours during the week.

Requirements:

1. Compute Santana 's gross pay and net pay for the week. Assume earnings to date are $13,000.

2.Journalize Dairy King 's wages expense accrual for Santana 's work. An explanation is not required.

3. Journalize the subsequent payment of wages to Santana.

More Info:

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For all payroll calculations, use the following tax rates and round amounts to the nearest cent:

Employee: OASDI: 6.2 % on first $118,500 earned; Medicare: 1.45 % up to $200,000 , 2.35 % on earnings above $200,000.

Employer: 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.

Requirement 1. Compute Santana's gross pay and net pay for the week. Assume earnings to date are $13,000. (Round all amounts to the nearest cent.) Begin by computing Santana's gross pay for the week. Gross Pay