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Prob Instructions: for each employee compute the Gross Pay, FICA, Federal Income Tax, Health Insurance, and Net Pay. Employees are paid 1 times the regular
Prob Instructions: for each employee compute the Gross Pay, FICA, Federal Income Tax, Health Insurance, and Net Pay. Employees are paid 1 times the regular hourly rate for all hours worked in excess of 40 hours per week. Prepare the appropriate journal entry for the company for each employee. First employee: L. Donning worked 46 hours with an hourly rate of $12 with the following deductions: FIT $34, FICA $47.04, Health Ins. $10.00. erf grimuane OSOS elen enil-Iriginia Second employee: D. Alcazar worked 44 hours with an hourly rate of $15 with the following deductions: FIT $58, FICA $55.20, Health Ins. $25.00
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