Lori Waverly works for MRK all year and earns a monthly salary of $$12,000.$ There is no overtime pay. Lori's income tax withholding rate is $20\%$ of gross pay. In addition to payroll taxes, Lori elects to contribute $4\%$ monthly to United Way. MRK also deducts $$125$ monthly for co$-$payment of the health insurance premium. As of September $30,$ Lori had $$108,000$ of cumulative earnings.

$($Click the icon to view payroll tax rate information.$)$

Requirements

Compute Lorilset pay for October.

Journalize the accrual of salaries expense and the payments related to the employment of LoriWaverly.

Requirement $1.$ Compute Lori's net pay for October. $($Round all amounts to the nearest cent.$)$

Withholding deductions: