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Harold Sullivan manages a dairy king drive in. His straight-time pay is $19 per hour, with time-and-a-half for hours in excess of 40 per week.
Harold Sullivan manages a dairy king drive in. His straight-time pay is $19 per hour, with time-and-a-half for hours in excess of 40 per week. Sullivan's payroll deductions include withheld income tax of 40%, FICA tax, and a weekly deduction of $6 for a charitable contribution to United Way. Sullivan worked 54 hours during the week.
Requirement 1. Compute Sullivan's gross pay and net pay for the week. Assume earnings to date are $10,000 Begin by computing Sullivan's gross pay for the week. Gross Pay Choose from any list or enter any number in the input fields and then click Check Answer 3 parts remaining i i Requirements - X 1. Compute Sullivan's gross pay and net pay for the week. Assume earnings to date are $10,000. 2. Journalize Dairy King's wages expense accrual for Sullivan's work. An explanation is not required. 3. Journalize the subsequent payment of wages to Sullivan. Print Done - X i More Info ho 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. 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. Employer Print Done Step by Step Solution
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