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Jenna Smith works at College of El Paso and is paid $30 per hour for a 40-hour workweek and time-and-a-half for hours above 40. i
Jenna Smith works at College of El Paso and is paid $30 per hour for a 40-hour workweek and time-and-a-half for hours above 40. i (Click the icon to view payroll tax rate information.) Read the requirements Requirement 1. Compute Smith's gross pay for working 58 hours during the first week of February. Gross Pay Requirement 2. Smith is single, and her income tax withholding is 15% of total pay. Smith's only payroll deductions are payroll taxes. Compute Smith's net (take-home) pay for the week. Assume Smith's earnings to date are less than the OASDI limit. (Round all amounts to the nearest cent.) Withholding deductions: Net (take-home) pay Requirement 3. Journalize the accrual of wages expense and the payments related to the employment of Jenna Smith. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Begin with the entry to accrue wages expense and payroll withholdings for Jenna Smith. (Round all amounts to the nearest cent.) Date Accounts and Explanation Debit Credit Now record the entry to record the payment of wages to Jenna Smith. (Round all amounts to the nearest cent.) Date Accounts and Explanation Debit Credit
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