Q:6

Jamie Carver works at College of Portland and is paid $35 per hour for a 40-hour workweek and time-and-a-half for hours above 40 . (Click the icon to view payroll tax rate information.) Read the requirements. Requirements 1. Compute Carver's gross pay for working 54 hours during the first week of February. 2. Carver is single, and her income tax withholding is 10% of total pay. Carver's only payroll deductions are payroll taxes. Compute Carver's net (take-home) pay for the week. Assume Carver's earnings to date are less than the OASDI limit. 3. Journalize the accrual of wages expense and the payments related to the employment of Jamie Carver. 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. Requirement 1. Compute Carver's gross pay for working 54 hours during the first week of February. Requirement 2. Carver is single, and her income tax withholding is 10% of total pay. Carver's only payroll deductions are payroll taxes. Compute Carver's net (take-home) pay for the week. Assume Carver's earnings to date are less than the OASDI limit. (Round all amounts to the nearest cent.) Requirement 1. Compute Carver's gross pay for working 54 hours during the first week of February. Requirement 2. Carver is single, and her income tax with olding is 10% of total pay. Carver's only payroll deductions are payroll taxes. Compute Carver's net (take-home) pay for the week. Assume Carver's earnings to date are less than the OASDI limit. (Round all amounts to the nearest cent.) Begin with the entry to accrue wages expense anu payrolI withholdings for Jamie Carver. (Round all amounts to the nearest cent.) Requirement 3 . Journalize the accrual of wages expense and the payments related to the employment of Jamie Carver. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Begin with the entry to accrue wages expense and payroll withholdings for Jamie Carver. (Round all amounts to the nearest cent.) Now record the entry to record the payment of wages to Jamie Carver. (Round all amounts to the nearest cent.)