Wyatt works on a farm as an employee. His gross pay for the week is $500....

 

 

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Wyatt works on a farm as an employee. His gross pay for the week is $500. Calculate his total payroll deductions and net pay if he has 10% income tax withheld, FICA tax, and a weekly $3 charitable deduction for United Way. Clearly label each payroll deduction and the net pay. Write the journal entry to accrue wages based on the following information. Gross Pay $600 Employee Income Tax Withheld $125.00 Employee OASDI Tax Withheld $37.20 Employee Medicare Tax Withheld $8.70 Clearly format with indention and/or label your debit and credit lines. Wyatt works on a farm as an employee. His gross pay for the week is $500. Calculate his total payroll deductions and net pay if he has 10% income tax withheld, FICA tax, and a weekly $3 charitable deduction for United Way. Clearly label each payroll deduction and the net pay. Write the journal entry to accrue wages based on the following information. Gross Pay $600 Employee Income Tax Withheld $125.00 Employee OASDI Tax Withheld $37.20 Employee Medicare Tax Withheld $8.70 Clearly format with indention and/or label your debit and credit lines.

Answer rating: 100% (QA)

Payroll Deductions Income Tax Withheld 12500 Employee OASDI Tax Withheld 3720 Employee M... View the full answer