S$11-7$ Computing payroll amounts considering FICA tax limits

Lily Carter works for JDK all year and earns a monthly salary of $$12,300.$ There is no overtime pay. Lily's income tax withholding rate is $15\%$ of gross pay. In addition to payroll taxes, Lily elects to contribute $4\%$ monthly to United Way charity. JDK also deducts $$200$ monthly for copayment of the health insurance premium. As of September $30,$ Lily had $$125,100$ of cumulative earnings.

Requirements

Compute Lily's net pay for October.

Journalize the accrual of salaries expense and the payment related to the employment of Lily Carter.