Compute john gross pay and net pay for the week

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Reference no: EM131949441

Question: John Doe manages the Hungry Boy Restaurant for Dave Smith Enterprises. Dave Smith Enterprises pays John by the hour. John's hourly wage is $10 per hour up to 40 hours. Hours over 40 hours are paid at time and one half. John's payroll deductions consist of income tax of 8%, FICA tax of 7.65%, and an charitable contribution of $5 per week to the United Way. During this pay period John worked 52 hours. Hours worked are for the week of 8/24 - 08/31/2013 and is paid on 09/07/2013

1. Compute John's gross pay and net pay for the week. Carry amounts to the nearest cent.

2. Journalize Dave Smith Enterprises wage expense accrual for John's work. No explanation is needed.

3. Journalize the subsequent payment of wages to John.

Reference no: EM131949441

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