Compute rose’s gross pay for working 60 hours during the first week of february.
straight-tim...
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Compute rose’s gross pay for working 60 hours during the first week of february.
straight-time pay for 40 hours ($12 × 40 hours)$ 480
overtime pay for 20 hours: 20 × $12 × 1.5360
gross pay $ 840
rose is single, and her income tax withholding is 15% of total pay. rose’s only payroll deductions are payroll taxes. compute rose’s net (take-home) pay for the week. assume rose’s earnings to date are less than the oasdi limit.
gross pay$ 840.00
withholding deductions: employee income tax (15%)$ 126.00
employee oasdi tax (4.2%)35.28
employee medicare tax (1.45%)12.18
total withholdings173.46net (take-home) pay$ 666.54
journalize the accrual of wages expense and the payment related to the employment of lucy rose
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