Hubert Sollenberger manages a Dairy House drive-in. His straight-time pay is S8 per hour, with time-and-a-half for hours in excess of 40 per week. Sollenberger's payroll deductions include withheld income tax of 20%. FICA tax. and a weekly deduction of S8 for a charitable contribution to United Way. Sollenberger worked 56 hours during the week. Requirements Compute Sollenberger's gross pay and net pay for the week. Assume earnings to date are $1 1,000. Journalize Dairy House wages expense accrual for Sollenberger's work. An explanation is not required, a. Journalize the subsequent payment of wages to Sollenberger. $11-7 Computing payroll amounts considering FICA tax ceilings Learning Objective 2 Lori Waverly works for MRK all year and earns a monthly salary of $12,000. There is no overtime pay. Lori's income tax withholding rate is 20% of gross pay. In addition to payroll taxes. Lori elects to contribute 4% monthly to United Way. MRK also deducts $125 monthly for co-payment of the health insurance premium. As of September 30. Lori had $108,000 of cumulative earnings. Requirements Compute Lori's net pay for October. Journalize the accrual of salaries expense and the payments related to the employment of Lori Waverly. $11-8 Computing and journalizing the payroll expense of an employer Learning Objective 2 Orchard Company has monthly salaries of $10,000. Assume Orchard pays all the standard payroll taxes and no employees have reached the payroll tax limits. Journalize the accrual and payment of employer payroll taxes for Orchard Company. $11-9 Computing bonus payable Learning Objective 3 On December 31, Peterson Company estimates that it will pay its employees a 3% bonus on $62,000 of net income after deducting the bonus. The bonus will be paid on January 15 of the next year. Requirements Journalize the December 31 transaction for Peterson. Journalize the payment of the bonus on January 15