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Requirements 1. Compute Stanton's gross pay and net pay for the week. Assume earnings to date are $14,000 2. Journalize Frosty World's wages expense accrual
Requirements 1. Compute Stanton's gross pay and net pay for the week. Assume earnings to date are $14,000 2. Journalize Frosty World's wages expense accrual for Stanton's work. An explanation is not required 3. Journalize the subsequent payment of wages to Stanton. Print Done More Info For all payroll calculations, use the following tax rates and round amounts to the nearest cent: OASDI: 6.2% on first $118,500 earned; Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000. Employee: 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 Employer: Print Done Herman Stanton manages a Frosty World drive-in. His straight-time pay is $18 per hour, with time-and-a-half for hours in excess of 40 per week. Stanton's payroll deductions include withheld income tax of 40%, FICA tax, and a weekly deduction of $7 for a charitable contribution to United Way. Stanton worked 59 hours during the week. Click the icon to view payroll tax rate information.) Read the requirements. Requirement 1. Compute Stanton's gross pay and net pay for the week. Assume earnings to date are $14,000. (Round all amounts to the nearest cent.) Begin by computing Stanton's gross pay for the week. Gross Pay Choose from any list or enter any number in the input fields and then click Check Answer. parts 3 remaining Clear All Check
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