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Holden Sullivan manages a Dairy King drive-in His straight-time pay is $20 per hour, with time-and-a-half for hours in excess of 40 per week. Sullivan's

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Holden Sullivan manages a Dairy King drive-in His straight-time pay is $20 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 S12 for a charitable contribution to United Way Sullivan worked 59 hours during the week (Click the icon to view payroll tax rate information ) Read the ressuirements es Requirement 1. Compute Sullivan's gross pay and net pay for the week. Assume earnings to date are $16,000. (Round all amounts to the nearest cent) Begin by computing Sullivan's gross pay for the week Gross Pay Compute Sullivan's net pay for the week. (Round all amounts to the nearest cent.) Withholding deductions: Net (take-home) pay Requirement 2. Journalize Dairy King's wages expense accrual for Sullivan's work. An explanation is not required. (Record debits first then credits. Exclude explanations from journal entries Check your spelling carefully and do not abbreviate, except for the following acronyms: FICA, OASDI) Date Accounts Debit Credit Requirement 3. Joumalize the subsequent payment of wages to Sullivan (Record debits first, then credits. Exclude explanations from journal entries Check your spelling carefully and do not abbreviate, except for the following acronyms FICA OASDI.) Date Accounts Debit Credit

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