Herbert Sullivan manages a Frosty Boy drive-in. His straight-time pay is $17 per hour, with time-and-a-half for hours in excess of 40 per week. Sullivan's payrol deductions include withheld income tax of 40%, FICA tax, and a weekly deduction of $7 for a chantable contribution to United Way. Sullivan worked 53 hours during the week (Click the icon to view payroll tax rate information) Read the requirements Requirement 1. Compute Sullivan's gross pay and net pay for the week. Assume eamings to date are $14,000 (Round all amounts to the nearest cent.) Begin by computing Sulivan's gross pay for the week Gross Pay Compute Sullivan's net pay for the week. (Found all amounts to the nearest cent) Withholding deductions Herbert Sullivan manages a Frosty Boy drive-in. His straight-time pay is $17 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 $7 for a charitable contribution to United Way Sullivan worked 53 hours during the week (Click the icon to view payroll tax rate information) Read the requirements Withholding deductions GD Net (ake-home) pay Requirement 2. Journaliza Frosty Boy's wages expense accrual for Sullivan's work. An explanation is not required. (Record debits first, then credits. Exclude explanations from joumal entries) Credit Date Accounts Debit Herbert Sullivan manages a Frosty Boy drive-in. His straight-time pay is $17 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 $7 for a charitable contribution to United Way. Sullivan worked 53 hours during the week (Click the icon to view payroll tax rate information) Read the requirements CLED Requirement 2. Joumalize Frosty Boy's wages expense accrual for Sullivan's work. An explanation is not required. (Record debits first, then credits. Exclude explanations from journal entries.) Date Accounts Debit Credit Requirement 3. Joumalize the subsequent payment of wages to Sullivan (Record debits first, then credits Exclude explanations from journal entries.) Date Etext pages Calculator Accounts Type here to search E T Debit Credit Time Remaining: 02:23:56 Next 57F 10:49 AM 5/6/2022 Requirement 3. Journalize the subsequent payment of wages to Sullivan. (Record debits first, then credits. Exclude explanations from journal entries.) Date Accounts Debit Credit Etext pages Calculator Time Remai coments More info For all payroll calculations, use the following tax rates and round amounts to the mearg Employee: rest cent OASDI: 6.2% on first $132,900 eamed, 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 eamned; SUTA: 5.4% on first $7,000 eamed Employer: 3. Journalize the subsequent pay Account Print Done