Following are some transactions and events of Business Solutions Feb. 25 The company paid cash to Lyn Addte for eight days work at $150 per day Mar 25 The company sold serchandise with a $2,300 cost for 33,100 on credit to Wildcat Services, Invoice dated: March 25. Required: 1. Assume that Lyn Addie is an unmarried employee Her $1,200 of wages have deductions for FICA Social Security taxes, FICA Medicare taxes, and federal income taxes. Her federal income taxes for this pay period total $120. 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 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.) 3. Record the journal entry to reflect the employer payroll tax expenses for the February 26 payroll payment Assume Lyn Addie has not met earnings limits for FUTA and SUTA (the FUTA rate is 06% and the SUTA rates 54% for the company (Round your answers to 2 decimal places. Do not round Intermediate calculations.) 4. Record the entries for the merchandise sold on March 25 16 3 4% sales tax rate applies (Round your answers to the nearest whole dollar) Complete this question by entering your answers in the tobs below. Required Required 2 quired Required Record the entries for the merchandise sold on March 25 fa 4 sales tax rate applied Views Journal entry worksheet Required: 1. Assume that Lyn Addie is an unmarried employee. Her $1.200 of wages have deductions for FICA Social Security taxes, FICA Medicare taxes, and federal income taxes. Her federal income taxes for this pay period total $120. Compute her net pay for the eight days work pald on February 26. (Round your answer to 2 decimal places. Do not round Intermediate calculations.) 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.) 3. Record the journal entry to reflect the employen payroll tax expenses for the February 26 payroll payment. Assume Lyn Adele has not met earnings limits for FUTA and SUTA (the FUTA rate is 0,6% and the SUTA rate is 5.4% for the company. (Round your answers to 2 decimal places. Do not round intermediate calculations.) 4. 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) Complete this question by entering your answers in the tabs below. Required i Required 2 Required Required 4 Assume that lyn Addie is an unmarried employee. Her $1,200 of wages have deductions for FICA Social Security taxes, FICA Medicare taxes, and federal income taxes. Her federal income taces for this pay period total $120. Compute her not pay for the eight days' work pald on February 26 Net Required 2 > Required: 1. Assume that lyn Addie is an unmarried employee. Her $1200 of wages have deductions for FICA Social Security taxes. FICA Medicare taxes, and federal income taxes. Her federal income taxes for this pay period total $120. 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.) 2. Record the journal entry to reflect the payroll payment to Lyn Addle as computed in part 1 (Round your answers to 2 decimal places. Do not round intermediate calculations.) 3. Record the journal entry to reflect the employer) payroll tax expenses for the February 26 payroll payment. Assume Lyn Addie has not met earnings limits for FUTA and SUTA (the FUTA tate is 0,6% and the SUTA rate is 5,4% for the company (Round your answers to 2 decimal places. Do not round Intermediate calculations.) 4. 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) Complete this question by entering your answers in the tabs below. Required Required 2 Required Required 4 Record the journal entry to reflect the payroll payment to Lyn Addies computed in part 1 View transaction list Journal entry worksheet Record the payroll expenses and liabilities for the eight days work paldon February 26, Saved He Required: Required 2 Required 3 Required 4 Record the journal entry to reflect the employer) payroll tax expenses for the February 26 payroll payment. Assume Lyn Addle has not met carings limits for FUTA and SUTA (the FUTA rate is 0.6% and the SUTA rate in 5.1% for the company View transaction list Journal entry worksheet
