Question: Exercise 8. For this problem please use dollars and cents and round to the nearest cent. Cindy Newer's reguolr hourly rate is $18 hour with
Exercise 8. For this problem please use dollars and cents and round to the nearest cent. Cindy Newer's reguolr hourly rate is $18 hour with time-and-a-half for any hours worked per week over 40 hours in a week. During a week in April, Cindy works 47 hours. Using Exhibit 2 in Objective 2 from the Chapter, caiculate the Federal Tax to be withheld. Also, using the Social Security and Medicare percentages used in the textbook, calculate those amounts to be Withheld. Cindy lives in Nevada (no State income Tax) and has no voluntary amounts withheld. Calculate Cindy's gross payroll for the week, amounts to be withheid, and her net pay (take home pay) for the week. Show the journal entry required for Cindy's payroll (please show amounts in dollars and cents). For this exercise, Ignore the Employer Tix Journat Entry
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