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Problem #1 - Payroll Calculation Mildred Drew is paid $15.00 per hour with time-and-a-half for hours worked in excess of 40 hours per week. The
Problem #1 - Payroll Calculation Mildred Drew is paid $15.00 per hour with time-and-a-half for hours worked in excess of 40 hours per week. The week ended January 24,2020 Mildred worked 43 hours. Use the following information to answer the questions below. Social Security Tax rate is 6.2% Federal Unemployment Tax rate is 0.8% Medicare Tax rate is 1.45% 401K contributions withheld were $90 State Unemployment Tax rate is 5.4% Federal Income Tax withheld was $80.10 a) Calculate Mildred's gross pay. I b) Calculate Mildred's total deductions. c) Calculate Mildred's take-home pay. d) Calculate Mildred's employer's Payroll Tax Expense. Extra Credit: Journalize the entries for Mildred's Pay and the Employer's Payroll Tax. o BE ASUS VIVOBook b) Calculate Mildred's total deductions. c) Calculate Mildred's take-home pay. d) Calculate Mildred's employer's Payroll Tax Expense. Extra Credit: Journalize the entries for Mildred's Pay and the Employer's Payroll Tax. GENERAL JOURNAL Page 117 Date Post. Description Debit Credit Ref. o
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