Semaj Jarvis manages a Vanentino's restaurant. His straight$-$time pay is $$20$ per hour, with time$-$and$-$a$-$half for hours in excess of $40$ per week. Jarvis' payroll deductions include withheld income tax of $20\%,$ FICA tax, and a weekly deduction of $$10$ for a charitable contribution to a charity fund. Jarvis worked $52$ hours during the week.

View the payroll tax rate information.

Read the requirements.

Requirement $1.$ Compute Jarvis' gross pay and net pay for the week. Assume earnings to date are $$10,000.($Round all amounts to the nearest cent.$)$

Begin by computing Jarvis's gross pay for the week.

Gross Pay

Payroll Tax Information

For all payroll calculations, use the following tax rates and round amounts to the nearest cent:

Employee: OASDI: $6\mathrm{.}2\%$ on first $$147,000$ earned; Medicare: $1\mathrm{.}45\%$ up to $$200,000,2\mathrm{.}35\%$ on earnings above $$200,000.$

Employer: OASDI: $6\mathrm{.}2\%$ on first $$147,000$ earned; Medicare: $1\mathrm{.}45\%$; FUTA: $0\mathrm{.}6\%$ on first $$7,000$ earned; SUTA: $5\mathrm{.}4\%$ on first $$7,000$ earned.

Requirements

Compute Jarvis' gross pay and net pay for the week. Assume earnings to date are $$10,000.$

Journalize Vanentino's wages expense accrual for Jarvis' work. An explanation is not required.

Journalize the subsequent payment of wages to Jarvis.