Requirements 1. Compute Stanley's gross pay and net pay for the week. Assume earnings to date are $18,000. 2. Journalize Dairy House's wages expense accrual for Stanley's work. An explanation is not required. 3. Journalize the subsequent payment of wages to Stanley. More info For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee: OASDI: 6.2% on first $118,500 earned; Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000. Employer: OASDI: 6.2% on first $118,500 earned; Medicare: 1.45% on all earnings; FUTA: 0.6% on first $7,000 earned; SUTA: 5,4% on first $7,000 earned Hugh Stanley manages a Dairy House drive-in. His straight-time pay is $12 per hour, with time-and-a-half for hours in excess of 40 per week. Stanley's payroll deductions include withheld income tax of 20%, FICA tax, and a weekly deduction of $5 for a charitable contribution to United Way Stanley worked 58 hours during the week. (Click the icon to view payroll tax rate information.)