Score: 0 of 1 pt 3 of 9 (0 complete) HW Score: 0%, 0 of 9 S11-7 (similar to) Question Help Lily Bailey works for ADL all year and earns a monthly salary of $12,200. There is no overtime pay. Lily's income tax withholding rate is 10% of gross pay. In addition to payroll taxes, Lily elects to contribute 3% monthly to United Way. ADL also deducts $275 monthly for co-payment of the health insurance premium. As of September 30, Lily had $109,800 of cumulative earnings. (Click the icon to view payroll tax rate information.) Requirements 1. Compute Lily's net pay for October. 2. Journalize the accrual of salaries expense and the payments related to the employment of Lily Bailey Requirement 1. Compute Lily's net pay for October. (Round all amounts to the nearest cent.) Withholding deductions: More Info x For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee Employer: OASDI: 6.2% on first $117,000 earned; Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000. OASDI: 6.2% on first $117,000 earned; Medicare: 1.45% on all earnings, FUTA: 0.6% on first $7,000 earned; SUTA: 5.4% on first $7,000 earned. Net (take-home) pay Print Done Choose from any list or enter any number in the input fields and then click Check Answer. a narts