view Gloria Love works at College of Austin and is paid $50 per hour for a 40 hour workweek and time-and-a-half for hours above 40 (Click the icon to view payroll tax rate information) Read the requirements Inco Requirement 1. Compute Love's gross pay for working 46 hours during the first week of February Overtime pay for 5 hours Employee income tax Gross Pay Requirements 1. Compute Love's gross pay for working 46 hours during the first week of February 2. Love is single, and her income tax withholding is 20% of total pay. Love's only payroll deductions are payroll taxes. Compute Love's net (take-home) pay for the week. Assume Love's earnings to date are less than the OASDI limit. 3. Journalize the accrual of wages expense and the payments related to the employment of Gloria Love. Print Done Austin and is paid $50 per hour for a 40-hour soll tax rate information.) - More Info -e's gra 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 eamed SUTA: 5.4% on first $7.000 earned. Print Done