HW 2 Fred Mack manages a cell-phone repair business at Northwest Mall. His regular pay per hour is $12, with time-and-a-half in excess of 40 per week. Fred's payroll deductions include 10% income tax withheld, FICA tax (use Mylab outdated 4.2% OASDI and 1.45% Medicare), and a weekly deduction of $8 for United Way. Fred worked 48 hours during the week. Assume Fred has earned $15,000 year to date. (hint: he is well below the $117,000 OASDI ceiling) (hourly employee, so Wage Expense is used instead of Salary Expense) Requirements: 1: Compute Fred's gross pay and (figure out the deductions to his check) net pay: Regular (straight-time) pay for 40 hours $ Overtime pay for 8 hours Gross Pay $9 Withholding Deductions: S Total Withholdings S S R.R.M Net (take-home) pay 105.66 $ 10- 2. Journalize Northwest Mall's wage expense accrual for Fred's work for the week. No explanations required General Journal Account Name Wage Expense Debit 624.00 Crdit Employee Federal Income Taxes Payable 62.40 26.21 9.05 8.00 Wages Payable 518.34 3. Journalize the subsequent payment of wages to Fred. No explanations required. General Journal Account Name Cash Debit Credit 518.34