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Jamie Love works at Colloge of El Paso and is paid $20 per hour for a 40 hour workweek and tme-and-a-half for hours above 40 . (1) (Click the icon to view paycoli tax rate irlormation.) Read the recurenwnts. Rhequirement 1. Compute Love's gross pey for working 46 hours during the fint woek of Fobruary. Pequirement 2. Love is single, and her income tax witholdrg is 15% of total pey Lever' only payrol deductors are payroll laves. Compute Love's net (lake home) pay for the wook. Assume Love's earnings to dale are less than the OASDI Imt. (Round all anounts is thie fearest cent) More info 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 Love's gross pay for working 46 hours during the first week of February. 2. Love is single, and her income tax withholding is 15% 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 Jamie Love

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