Hugh Stanley manages a Dairy House drive-in. His straight-time pay is $12 per hour, with time-and-a-half for hours in excess of 40 per week. Stanley's payroll deductions include withheld income tax of 20%, FICA tax, and a weekly deduction of $5 for a charitable contribution to United Way. Stanley worked 58 hours during the week (Click the icon to view payroll tax rate information.) Read the requirements. Requirement 1. Compute Stanley's gross pay and net pay for the week. Assume earnings to date are $18,000. (Round all amounts to the nearest cent.) Begin by computing Stanley's gross pay for the week. More Info Gross Pay Compute Stanley'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 Withholding deductions: OASDI: 6.2% on first $132,900 earned; 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 earned; SUTA: 5.4% on first $7,000 earned. Employer: Print Done Net (take-home) pay Requirement 2. Journalize Dairy House's wages expense accrual for Stanley's work. An explanation is not required. (Record debits first, then credits. Exclude explanations from journal entries.) Date Accounts Debit Credit Requirements 1. Compute Stanley's gross pay and net pay for the week. Assume earnings to date are $18,000. 2. Journalize Dairy House's wages expense accrual for Stanley's work. An explanation is not required. 3. Journalize the subsequent payment of wages to Stanley. Requirement 3. Journalize the subsequent payment of wages to Stanley. (Record debits first, then credits. Exclude explanations from journal entries.) Date Accounts Debit Credit Print Done