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More info For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee: OASDI: 6.2% on first $132,900 earned;
More info For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee: OASDI: 6.2% on first $132,900 earned; Medicare: 1.45% up to $200,000,2.35% on earnings above $200,000. Employer: OASDI: 6.2% on first $132,900 earned; Medicare: 1.45%; FUTA: 0.6% on first $7,000 earned; SUTA: 5.4% on first $7,000 earned. Requirements 1. Compute Striker's gross pay and net pay for the week. Assume earnings to date are $9,000. 2. Joumalize Dairy King's wages expense accrual for Striker's work. An explanation is not required. 3. Joumalize the subsequent payment of wages to Striker. Harold Striker manages a Dairy king delve-in. His straight-time pay is $18 per hour, with time-and-a-half for hours in erceon of 60 per meok. Sthker' is paytoll deduclions inctude: withheld income tax of 20%, FCA tax, and a weekly deduction of $11 for a charitable contribution to United Way Striker worked 54 hoers diring the woek 3. (Click the icon to viow payroll tax rate inlormation) Resad the Requirement 1. Compute Stiker's gross pay and net pay for the wook Assume earnings to date are $9,000 (Round all anount fo the neareat cent) Aloin by compyting Strker's gross pay for the week
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