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Help answer this question Donald Chin works for Northwest Supplies. His rate of pay is $8.50 per hour, and he is paid 1 times the

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Donald Chin works for Northwest Supplies. His rate of pay is $8.50 per hour, and he is paid 1 times the regular rate for all hours worked in excess of 40 per week. During the last week of January of the current year, he worked 48 hours. Chin is married and claims three withholding allowances on his W-4 form. His weekly wages are subject to the following deductions:

  1. Employee federal income tax (Tax Tables: Refer to Figure 8-4 in the text.)
  2. Social Security tax at 6.2%
  3. Medicare tax at 1.45%
  4. Health insurance premium, $85.00
  5. Credit union, $125.00
  6. United Way contribution, $10.00

image text in transcribed

General Journal 2 . Journalize the payment of his wages for the week Ended January 31 , crediting Cash for the net amount . When required , round your answers to the nearest cent . If an amount be does not require an Entry , leave it blank . Page : 1 DATE ACCOUNT TITLE DOC. FOST .` NO . \\REF . DEBIT CREDIT 1 20 - - Jan . 31* Wages and salaries expense I 2 Employee federal income tax payable 2 3 Social Security tax payable* \\ ACCOUNTIng numeric field\\ Medicare tax payable* LIT Health insurance premiums payable* 85 5 Credit union payable* QQQOOL 10 125 United Way contributions payable* 10 L CO Cash Payroll for week ended January 31

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