Question: Jackson worked 45 hours during the current week. His regular pay is $10 per hour. He receives time and a half for overtime. He is

Jackson worked 45 hours during the current week. His regular pay

Jackson worked 45 hours during the current week. His regular pay is $10 per hour. He receives time and a half for overtime. He is single and has two withholding allowances. Assume that each withholding allowance is worth \$75. Wage Bracket Withholding Table Table for Percentage Method of Withholding WEEKLY Payroll Period 1) Journalize the company's payroll for the week using a social security tax rate of 6% and a (a) SINGLE person (including head of household)- Medicare tax rate of 1.5%. If the amount of wages (after subtracting withholding allowances) The amount of income tax is: to withhold is: 2) Journalize the company's payroll tax for the week using a SUTA tax rate of 5.4% and a FUTA tax rate .6\%

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