Jenny Carver works at College of Memphis and is paid $50 per hour for a...
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Jenny Carver works at College of Memphis and is paid $50 per hour for a 40 -hour workweek and time-and-a-half for hours above 40 . (Click the icon to view payroll tax rate information.) Requirements 1. Compute Carver's gross pay for working 56 hours during the first week of February. limit. 3. Joumalize the accrual of salaries and wages expense and the payments related to the employment of Jenny Carver. Requirement 1. Compute Carver's gross pay for working 56 hours during the first week of February. More info For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee: OASDI: 6.2% on first $117,000 earned; Medicare: 1.45% up to $200,000,2.35% on earnings above S200,000. Employer: OASDI: 6.2% on first $117,000 earned; Medicare: 1.45% on all earnings; FUTA: 0.6% on first $7,000 eamed; SUTA: 5.4% on first $7,000 earned
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