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Return to question 9 Following are some transactions and events of Business Solutions. Feb. 26 The company paid cash to Lyn Addie for eight days
Return to question 9 Following are some transactions and events of Business Solutions. Feb. 26 The company paid cash to Lyn Addie for eight days work at $140 per day Mar 25 The company sold merchandise with $2,192 cost for $2,880 on credit to Wildcat Services, invoice dated March 37 25. points Required: 1. Assume that Lyn Addie taxes, FICA Medicare taxes, and federal income taxes. Her federal income taxes for this pay period total $112. Compute her net pay for the eight days' work paid on February 26. (Round your answer to 2 decimal places. Do not round intermediate calculations.) an unmarried employee. Her $1,120 of wages are subject to no deductions other than FICA Social Security Answer complete and correct. Net pay 922.32 2. Record the journal entry to reflect the payroll payment to Lyn Addie as computed in part 1. (Round your answers to 2 decimal places. Do not round intermediate calculations.) Answer is complete and correct. General Journal No Credit Date Debit Wages expense 1 Feb 2 , 2018 1,120.00 Employee federal income taxes payable 112.00 FICA-Social security taxes payable 69.44 FICA-Medicare taxes payable 16.24 Return to question . Record the journal entry to reflect the (employer) payroll tax expenses for the February 26 payroll payment. Assume Lyn Addie has 0.6% and the SUTA rate is 4% for the company. (Round your answers 2 decimal places. Do not round intermediate calculations.) points Answer is not complete. No Date General Journal Debit Credit Record the entries for the merchandise sold on March 25 if a 4% sales tax rate applies. (Round your answers to the nearest whole dollar.) Answer is not complete. Credit No Date General Journal Debit
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