herbert smith manages a dairy king drive in:

Herbert Smith mariages a Dairy King drive-in. His straight-time pay is $16 per hour, with fime-and-a-half for hours in excess of 40 per week Smith's payroll deductions include withheld income tax of 40%. FICA tax, and a weekly deduction of 56 for a charitable contribution to United Way. Smith worked 54 hours during the week (Click the icon to view payroll tax rate information.) Read the requirements Requirement 1. Compute Smith's gross pay and net pay tor the week. Assume eamings to date are 517,000 (Round all amounts to the nearest cent.) Begin by computing Smith's gross pay for the week Compute Smith's net pay for the week. (Round all amounts to the nearest cent) 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. 1. Compute Smith's gross pay and net pay for the week. Assume earnings to date are $17,000. 2. Journalize Dairy King's wages expense accrual for Smith's work. An explanation is not required. 3. Journalize the subsequent payment of wages to Smith