on list stion 1 K Requirements Cradles-to-Graves, a clothing resale store, employs one salesperson, Danielle Hollace. Hollace's straight-time wage is $20 per hour, with time-and-a-half pay for hours above 40. Cradles-to-Graves withholds income tax (10%), FICA OASDI (6.2%), and FICA-Medicare (1.45%) from Hollace's pay. Cradles - to - Graves also pays payroll taxes for FICA-OASDI (6.2%), FICA-Medicare (1.45%), and state and federal unemployment (5.4% and 0.6%, respectively). During the week ended December 26, Hollace worked 60 hours. Prior to this week, she had earned $1,200. Read the requirements. (Round all amounts to the nearest dollar.) 1. Compute Hollace's gross pay and net (take-home) pay for the week. 2. Record the payroll entries that Cradles-to-Graves would make for each of the following: a. Accrual of salaries and wages expense and subsequent payment related to Hollace b. Employer payroll taxes accrual related to Hollace c. Payment of all payroll taxes (employee and employer related) 3. How much was Cradles-to-Graves' total payroll expense for the week? X -home) pay for the week. s to the nearest whole dollar.) he nearest whole dollar.)

Cradles - to - Graves, a clothing resale store, employs one salesperson, Danielle Hollace. Hollace's straight-time wage is $20 per hour, with time and a half pay for hours above 40 . Gradles - to - Graves withholds income tax (10%), FICA - OASDI (6.2%), and FICA-Medicare (1.45\%) from Hollace's pay. Cradles-10-Graves also pays payroll taxes for FICA OASDI ( 6.2%), FICA - Medicare (1.45\%), and state and federal unemployment ( 5.4% and 0.6%, respectively). During the week ended December 26 , Hollace worked 60 hours. Prior to this week, she had eamed $1,200 Read the requirements Requirements (Round all amounts to the nearest dollar.) 1. Compute Hollace's gross pay and net (take-home) pay for the week 2. Record the payrot entries that Cradtes - 10 - Graves would make for each of the following: a. Accrual of salaries and wages expense and subsequent payment related to Hollace b. Employer payroll taxos accrual related to Hollace c. Payment of all payroll taxes (employee and employer related) 3. How much was Cradles - to - Graves' total payroll expense for the week? home) pay for the week. to the nearest whole dollar) e nearest whole dollar)