Jurassic Theme Park does not segregate sales and sales taxes at the time of sale. The register total for March 16 is $9,975. All sales are subject to a 5 percent sales tax. Compute sales taxes payable and make the entry to record sales taxes payable and sales.
Becky’s Grill regular hourly wage rate is $14, and she receives an hourly rate of $21 for work in excess of 40 hours. During a January pay period, Becky works 45 hours. Becky’s federal income tax withholding is $95, her FICA tax withheld is $53.20, and she has no voluntary deductions. Compute Becky Grill’s gross earnings and net pay for the pay period.
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