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Show calculations plis Lori Watson works for ADL all year and earns a monthly salary of $12,100. There is no overtime pay. Lori's income tay

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Lori Watson works for ADL all year and earns a monthly salary of $12,100. There is no overtime pay. Lori's income tay withholding rate is 10% of gross pay. In addition to payroll taxes, Lori elects to contribute 1% monthly to United Way. ADL also deducts $225 monthly for co-payment of the health insurance premium. As of September 30 , Lori had $121,000 of cumulative earnings. (Click the icon to view payroll tax rate information.) Read the requirements. Requirement 1. Compute Lori's net pay for October. (Round all amounts to the nearest cent.) For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee: OASDI: 6.2% on first $132,900 earned; Medicare: 1.45% up to $200,000,2.35% on earnings above $200,000. Employer: OASDI: 6.2% on first $132,900 earned; Medicare: 1.45%; FUTA: 0.6% on first $7,000 earned; SUTA: 5.4% on first $7,000 earned. Requirements 1. Compute Lori's net pay for October. 2. Journalize the accrual of salaries expense and the payment related to the employment of Lori Watson

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