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Requirement 1. Compute Olivia's net pay for October. (Round all amounts to the nearest cent.)...

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Accounting

Requirement 1. Compute Olivia's net pay for October. (Round all amounts to the nearest cent.)
Gross pay
12,400
Withholding deductions:
Total withholdings
1,240
Employee contribution to United Way
496
Employee health insurance
150
Employee OASDI tax
551.80
Employee Medicare tax
179.80
Total withholdings
2,617.60
Net (take-home) pay
9,782.40
Part 2
Requirement 2. Journalize the accrual of salaries expense and the payment related to the employment of Olivia Robertson. (Record debits first, then credits. Select explanations on the last line of the journal entry table.)
Begin with the entry to accrue salaries expense and payroll withholdings for Olivia Robertson. (Round all amounts to the nearest cent.)
Date
Accounts and Explanation
Debit
Credit

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