Hugh Sullivan manages a Dairy World drive-in. His straight-time pay is $8 per hour, with time-and-a-half for hours in excess of 40 per week. Sullivan's payroll deductions include withheld income tax of 20%, FICA tax, and a weekly deduction of $7 for a charitable contribution to United Way. Sullivan worked 54 hours during the week. Click the icon to view payroll tax rate information Requirements 1. Compute Sullivan's gross pay and net pay for the week. Assume earnings to date are $12,000. 2. Journalize Dairy World's wages expense accrual for Sullivan's work. An explanation is not required. 3. Journalize the subsequent payment of wages to Sullivan. Requirement 1. Compute Sullivan's gross pay and net pay for the week. Assume earnings to date are $12,000. (Round all amounts to the nearest cent.) Begin by computing Sullivan's gross pay for the week. 320.00 Straight-time pay for 40 hours 168.00 Overtime pay for 14 hours 488.00 Gross Pay Compute Sullivan's net pay for the week. (Round all amounts to the nearest cen Gross pay 488 Withholding deductions: Employee income tax Employee OASDI tax 30.26 Employee Medicare tax 7.08 Employee contribution to United Way Total withholdings Net (take home) pay