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Herbert Sully manages a Dairy King drive - in . His straight - time pay is $ 1 5 per hour, with time - and
Herbert Sully manages a Dairy King drivein His straighttime pay is $ per hour, with timeandahalf for hours in excess of per week. Sully's payroll deductions include
withheld income tax of FICA tax, and a weekly deduction of $ for a charitable contribution to United Way. Sully worked hours during the week.
iClick the icon to view payroll tax rate information.
Read the requirements.
Requirement Compute Sully's gross pay and net pay for the week. Assume earnings to date are $Round all amounts to the nearest cent.
Begin by computing Sully's gross pay for the week.
More info
For all payroll calculations, use the following tax rates and round amounts to the
nearest cent:
Employee: OASDI: on first $ earned; Medicare: up to
$ on earnings above $
Employer: OASDI: on first $ earned; Medicare: ; FUTA:
on first $ earned; SUTA: on first $ earned.
Requirements
Compute Sully's gross pay and net pay for the week. Assume earnings to date
are $
Journalize Dairy King's wages expense accrual for Sully's work. An
explanation is not required.
Journalize the subsequent payment of wages to Sully.
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