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the week Holden Simpson manages a Frosty World drive-in. His straight-time pay is $17 per hour, with time-and-a-halt for hours in excess of 40 per week Simpson's plytel deductions include withhold income tax of 40%, FICA tax, and a weekly deduction of S10 for a charitable contribution to United Way Simpson worked 55 hours during Click the foon to view payroll tax rate information) Read the requirements Gross Day Withholding deductions Employee income to North Choose from any or anteny number in the input folds and then click Check Answer 2 porte ronno Chnat All Check A information.) 1 More Info For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee: OASDI: 6.2% on first $118,500 earned; Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000. Employer OASDI: 6.2% on first $118,500 earned; Medicare: 1.45% on all earnings; FUTA: 0.6% on first $7,000 earned; SUTA: 5.4% on first $7,000 earned Print Derby o C 33 0+ F6 F8 F9 F10 F11 TVC ess OT 40%, FICA tax, and a weekly deduction of $10 for a charitable contribution to United Way 0 Requirements . 1. Compute Simpson's gross pay and net pay for the week. Assume earnings to date are $14,000 2. Journalize Frosty World's wages expense accrual for Simpson's work. An explanation is not required. 3. Journalize the subsequent payment of wages to Simpson. Print Done

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