4/15/20, 5:37 PM Dan Brinkley is a general manager at Local News channel. During 2020, Brinkley worked for the company all year at $20,000 monthly salary. He also earned a year-end bonus equal to 5% of his annual salary. Brinkley's Federal income tax withheld durine 2020 was 21% State income tax withheld was 5.75%. FICA tax was withheld on the annual camines (remember the Social Security limit of $137,700, additional medicare tax begins at $200.000 for 2020). Brinkley authorized the following payroll deductions Charity Fund of 1.5% of total earnings and life insurance of $400 per month. Local News incurred payroll tax expense on Brinkley for FICA taxes. Federal unemployment and State Unemployment taxes were 6% on first $7000 and 5.4% on first $7000, respectively. They also paid $10,200 in Health Insurance (payable) for Wallace. 1 Compute Brinkley's gross pay, payroll deductions and withholdings, and not pay for the full year 2018. Round all amounts to the nearest dollar. Name Cumulative Bonus Earnings Wichholdings OASDI Medicare Federal Income State Deductions Charity Life Pund insurance Pay Brinkley 2 Compute Local News' total 2018 payroll costs for Brinkley. OASDI Employer's Taxes FUTA Medicare SUTA Medical Insurance 3 Make the payroll journal entry to record Binkley's total camings for the year, his payroll deductions and withholdings, and net pay. Debit Salary Expense and Bonus Expense as appropriate. Credit liability accounts. See #1. Accounts Debit Credit s://ms.augusta.edu/d21/common/assets/pdfs/1.0.0.30/web/viewer...dered-pdf&fullscreen=d21-fileviewer-rendered-pdf-dialog&height=83780 Page 8 4/15/20,5-37 PM 4 Make the journal entry to record the accrual of Local News' payroll tax expenses for Binkley's total carnings. See #2. Accounts Debit Credit 5 Make the journal entry for the payment to the various government agencies and other designated organizations for Brinkley's withholdings and deductions and Local News tax obligations. Accounts Debit Credit Stps://m.augusta.edu/d2\common/assets/d /1.0.0.30/web/viewer-dered-pdf&fullscreened-fileviewer rendered-pdf-dialog&height=8370