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please help Hal Sampson manages a Dairy King drive-2. His straighteme pay is $17 per hour, with time-and-a-half for hours in excess of 40 per
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Hal Sampson manages a Dairy King drive-2. His straighteme pay is $17 per hour, with time-and-a-half for hours in excess of 40 per week. Sampson's payrol deducticns include witheld income tax of 40%, FICA tax, and a weeky deduction of $6 for a charthble contribution to United Way Sampson worked 54 hours during the week (1. (Cick the icon to view payrol tax rate information) Read the requirements Requirement 1. Compule Sampson's gross pay and net pay for the week. Assume eamings to date are 58000 . (Round al ameunts to the nearest cont) Begin by computing Sampson's gross pay for the week. Compute Sampson's net pay for the week, (Round all amounts to the nearest cent) anages a Dairy King drive-in. His straight-time pay is $17 per hour, with time-and-a-half for hours in excess of 40 per we 6, and a weekly deduction of $6 for a charitable contribution to United Way. Sampson worked 54 hours during the week on to view payroll tax rate information.) ments. Requirements 1. Compute Sampson's gross pay and net pay for the week. Assume earnings to date are $8,000. 2. Journalize Dairy King's wages expense accrual for Sampson's work. An explanation is not required. 3. Journalize the subsequent payment of wages to Sampson. nages a Dairy King drive-in. His straight-time pay is $17 per hour, with time-and-a-half for hours in excess of 40 per and a weekly deduction of $6 for a charitable contribution to United Way. Sampson worked 54 hours during the wee n to view payroll tax rate information.) nents. 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 Step by Step Solution
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