ng Objective 2 Net Pay $576.69 E11-18 Computing and recording gross and net pay Hugh Stanley manages a Dairy House drive-in. His straight-time pay is $12 per hour, with time-and-a-half for hours in excess of 40 per week. Stanley's payroll deductions include withheld income tax of 20%, FICA tax, and a weekly deduction of $5 for a charitable contribution to United Way. Stanley worked 58 hours during the week. Requirements 1. Compute Stanley's gross pay and net pay for the week. Assume earnings to date are $18,000. 2. Journalize Dairy Houses wages expense accrual for Stanley's work. An explanation is not required. 3. Journalize the subsequent payment of wages to Stanley. E11-22 Accounting for warranties, vacation, and bonuses McNight Industries completed the following transactions during 2018: Nov. 1 Made sales of $52,000. McNight estimates that warranty expense is 6% of sales. (Record only the warranty expense.) 20 Paid $1,600 to satisfy warranty claims. Dec. 31 Estimated vacation benefits expense to be $6,000. 31 McNight expected to pay its employees a 3% bonus on net income after deducting the bonus. Net income for the year is $52,000