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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 402 Weeks Ago, 5 Days Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Henry Striker manages a Frosty Boy drive-in. His straight-time pay is $10 per hour, with time and a half for hours in excess of 40 per week. Striker's payroll deductions include withheld income tax of 8%, OASDI of 6.2%, Medicare of 1.45% and a weekly deduction of $5 for a charitable contribution. Striker worked 52 hours during the week. Frosty Boy has FUTA rate of .8% and a SUTA rate of 5.6% (6 points)
Journalize the entry for Striker's weekly payroll. Assume he is below the taxable limit for FICA, FUTA and SUTA taxes.
Journalize the employer portion of the payroll taxes.
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