brooke Newton works for JMK all year and earns a monthly salary of $12,800. There is no overtime pay. Brooke's income tax withholding rate is 20% of gross pay. In addition to payroll taxes, Brooke elects to contribute 2% monthly to United Way. JMK also deducts $300 monthly for co-payment of the health insurance premium. As of September 30, Brooke had $115,200 of cumulative earnings.
Compute Brookes net pay for october.
Journalize the accrual of salaries expense and the payment related to the employment of BrookeNewton. Begin with the entry to accrue salaries expense and payroll withholdings for brooke newton.
Now record the entry to record the payment of wages to Brooke
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