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 Ss 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 eamings to date are $18,000. (Round all amounts to the nearest cent.) Begin by computing Stanley's gross pay for the week. More Info Straight-time pay for 40 hours $ 480.00 Overtime pay for 18 hours 324.00 S 804.00 For all payroll calculations, use the following tax rates and round amounts to the Gross Pay nearest cent: Compute Stanley's net pay for the week. (Round all amounts to the nearest cent.) Employee: OASDI: 6.2% on first $132,900 eamed; Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000 Employee income tax 161 Employer. OASDI: 6.2% on first S132,900 samed; Medicare: 1.45%; FUTA: Withholding deductions: 0.6% on first $7,000 eamed; SUTA: 5.4% on first $7,000 earned Employee OASDi tax Employee Medicare tax i Requirements Employee contribution to United Way 5.00 1. Compute Stanley's gross pay and net pay for the week. Assume earnings to date are $18,000 2. Joumalize Dairy House's wages expense accrual for Stanley's work. An explanation is not required. 3. Journalize the subsequent payment of wages to Stanley Net (take-home) pay