1. Compute Whitney's gross pay, payroll deductions, and net pay for the full year 2018. Round all amounts to the nearest dollar 2. Compute Countrywide's total 2018 payroll tax expense for Whitney 3. Make the journal entry to record Countrywide's expense for Whitney's total earnings for the year, his payroll deductions, and net pay. Debit Salaries Expense and Bonus Expense as appropriate. Credit liability accounts for the payroll deductions and Cash for net pay. An explanation is not required 4. Make the journal entry to record the accrual of Countrywide's payroll tax expense for Whitney's total earnings 5. Make the journal entry for the payment of the payroll withholdings and taxes Larry Whitney is general manager of Countrywide Salons. During 2018, Whitney worked for the company all year at a $9,600 monthly salary. He also earned a year-end bonus equal to 5% of his annual salary. Whitney's federal income tax withheld during 2018 was $768 per month, plus $1,152 on his bonus check. State income tax withheld came to $170 per month, plus $100 on th bonus. FICA tax was withheld on the annual earnings. Whitney authorized the following payroll deductions: Charity Fund contribution of 2% of total earnings and life insurance of $5 per month Requirement 1. Compute Whitney's gross pay, payroll deductions, and net pay for the full year 2018. Round all amounts to the Begin by computing Whitney's gross pay for the year. (Round all amounts to the nearest dollar.) Gross pay: Salary Bonus Gross Pay Now compute Whitney's payroll deductions and net pay for the year. (Round all amounts to the nearest dollar.) Net pay: Gross pay Withholding deductions 115,200 5,760 120,960 120960 Federal income tax State income tax Employee OASDI tax Emplovee Medicare tax Employee OASDI tax Employee Medicare tax Charity fund contribution Life insurance Total withholdings Net (take-home) pay