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A) compute Welch's gros pay B) compute payroll deductions and neg pay for the year. C) compute total 2018 payroll tax expense Louis Welch is

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A) compute Welch's gros pay
B) compute payroll deductions and neg pay for the year.
C) compute total 2018 payroll tax expense
Louis Welch is general manager of Worldwide Salons. During 2018, Welch worked for the company all year at a $12,200 monthly salary. He also earned a year-end bonus equal to 20% of his annual salary. Welch's federal income tax withheld during 2018 was $1,464 per month, plus $2,928 on his bonus check. State income tax withheld came to $90 per month, plus $40 on the bonus. FICA tax was withheld on the annual earnings. Welch authorized the following payroll deductions: Charity Fund contribution of 2% of total earnings and life insurance of $10 per month. For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee: Employer: OASDI: 6.2% on first $118,500 earned; Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000. OASDI: 6.2% on first $118,500 earned; Medicare: 1.45% on all earnings; FUTA: 0.6% on first $7,000 earned; SUTA: 5.4% on first $7,000 earned

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