help

Following are some transactions and events of Business Solutions. Tebruary 26 The company paid eash to tyn Addie for eight days' work at $140 per day. Mareh 25 The company sold aerehandise with a $2,100 cost for $3,100 on credit to wildeat Services, involee dated Mareh 25. Required: 1. Assume that Lyn Addie is an unmarried employee. Her $1,120 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 S112. Compute her net poy for the eight days' work paid on February 26. 2. Record the journal entry to reflect the payroll payment to Lyn Addie as computed in part 1 . 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 0.6% and the SUTA rate is 5.4% for the company). 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. Assume that Lyn Addie is an unmarried employee. Her $1,120 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 \$112. Compute her net poy for the eight days' work paid on February 26. (round your answer to 2 decimal places. Do not round intermediate calculations.)