b

nu Home ) Help r Larry Walsh is general manager of United Salons. During 2024, Walsh worked United incurred payroll tax expense on Walsh for FICA The company also for the company all year at a $12.400 monthly salary He also earned a year-end paid state unemployment tax and federal unemployment tax bonus equal to 15% of his annual salary Walsh's federal income tax withhold (Click the icon to view payroll tax rate information during 2024 was $2.976 per month plus 52.678.cn his bonus check Stato income tax withheld came to $140 per month, plus 540 on the bonus FICA tax was withheld on the annual earnings Walsh authorized the following payroll Read the requirements deductions Charity Fund contribution of 4% of total amings and life insurance of $35 per month TED Requirement 1. Compute Walhi'n grom pay, payroll deductions, and net pay for the full year 2021. Round all amounts to the rurat dotat Begin by computing Walsh's gross pay for the year (Round all amounts to the nearen dolar) set a tutor Grous pay Gross Pay annual alan Walsh's federal income tax withheld Erm to $ ea ontd More info For all payroll calculations, use the following tax rates and round amounts to the nearest cent wal Employee: 's go OASDI: 6.2% on first $132,900 earned: Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000. OASDI: 6.2% on first $132,900 earned; Medicare: 1.45% FUTA: 0.6% on first $7,000 earned, SUTA: 5.4% on first $7.000 earned. Employer e to sl Jal ea conti e Wall Q 1. Compute Walsh's gross pay, payroll deductions, and net pay for the full year 2024. Round all amounts to the nearest dollar 2. Compute United's total 2024 payroll tax expense for Walsh. 3. Make the journal entry to record United's expense for Walsh'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 United's payroll tax expense for Walsh's total earnings. 5. Make the journal entry for the payment of the payroll withholdings and taxes dollar sh's g