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Requirement 1. Compute 's gross pay for working hours during the first week of February. Gross Pay Requirement 2. is single, and her income tax
Requirement 1. Compute 's gross pay for working hours during the first week of February.
Gross Pay
Requirement 2. is single, and her income tax withholding is of total pay. 's only payroll deductions are payroll taxes. Compute 's net (take-home) pay for the week. Assume 's earnings to date are less than the OASDI limit. (Round all amounts to the nearest cent.)
Withholding deductions:
Net (take-home) pay
Requirement 3. Journalize the accrual of wages expense and the payments related to the employment of . (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 . (Round all amounts to the nearest cent.)
Date
Accounts and Explanation
Debit
Credit
Now record the entry to record the payment of wages to . (Round all amounts to the nearest cent.)
Date
Accounts and Explanation
Debit
Credit
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