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Business, 07.07.2020 22:01 lexhorton2002

Holden Simpson manages a Dairy World drive-in. His straight-time pay is $14 per hour, with time-and-a-half for hours in excess of 40 per week. Simpson's payroll deductions include withheld income tax of 20%, FICA tax, and a weekly deduction of $5 for a charitable contribution to United Way Simpson worked 57 hours during the week. (Click the icon to view payroll tax rate information) Requirements 1. Compute Simpson's gross pay and net pay for the week. Assume earnings to date are $10,000.
2. Journalize Dairy World's wages expense accrual for Simpson's work. An explanation is not required.
3. Journalize the subsequent payment of wages to Simpson.
Requirement
1. Compute Simpson's gross pay and net pay for the week.
2. Assume earnings to date are $10,000 (Round all amounts to the nearest cent) Begin by computing Simpson's gross pay for the week.

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Holden Simpson manages a Dairy World drive-in. His straight-time pay is $14 per hour, with time-and-...
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