P11-4B Jan Summers is a commercial lender at Harbor State Bank in Boston. During 20X2, she worked for the bank all year at a $5,195 monthly salary. She also earned a year-end bonus equal to 10% of her annual salary. Summers' federal income tax withheld during 20X2 was $822 per month. Also, there was a one-time withholding of $2.487 on her bonus check. State income tax withheld came to $61 per month, and the city of Boston withheld income tax of $21 per month. In addition. Summers paid one-time withholdings of $64 (state) and $19 (city) on the bonus. The FICA tax withheld was 8% of the first $75,000 in annual earnings. Summers authorized the following payroll deduc- tions: United Fund contribution of 1% of total earnings and life insurance of $17 per month. Harbor State Bank incurred payroll tax expense on Summers for FICA tax of 8% of the first $75,000 in total annual earnings. The bank also paid state unemployment tax of 5.4% and federal unemployment tax of 0.8% on the first $7,000 in annual earnings. The bank pro- vided Summers with the following benefits: health insurance at a cost of $48 per month, and pension benefits to be paid to Summers during her retirement. During 20X2, the bank's cost of Summers' pension program was $4.083. Required 1. Compute Summers' gross pay, payroll deductions, and net pay during 20X2. Round all amounts to the nearest dollar. 2. Compute Harbor State Bank's total 20X2 payroll cost for Summers. 3. Prepare the bank's summary general journal entries to record its expense for the following:

a. Summers' total earnings for the year, her payroll deductions, and her net pay, Debit Salary Expense and Executive Bonus Compensation as appropriate. Credit liability accounts for the payroll deductions and Cash for net pay.

b. Employer payroll taxes for Summers. Credit liability accounts.

c. Benefits provided to Summers. Credit a liability account. Explanations are not required.