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can someone help me answer this question requirements 1-5 Requirement 1. Compute Walsh's gross pay, payroll deductions, and net pay for the full yoar 2024

can someone help me answer this question requirements 1-5
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Requirement 1. Compute Walsh's gross pay, payroll deductions, and net pay for the full yoar 2024 . Round all amounts to tho noarost dollar. Begin by computing Walsh's gross pay for the year. (Round all amounts to the nearest dollar.) Now bompute Walsh's payroll deductions and net pay for the yoar. (Round all amounts to the nearest dollaz.) Larry Walsh is general managar of Sandy Point Salons. During 2024, Walsh worked Sandy Point incurred payroll tax expense on for the company all year at a $10,600 monthly salary. Ho also eamed a year-end company also paid stato unomployment tax a a bonus equal to 5% of his annual salary. Walsh's federal income tax withheld during (Click the icon to view payroll tax rate infc 2024 was $1,272 per month, plus $1,526 on his bonus check. State income tax withheld came to $140 per month, plus $60 on the bonus. FICA tax was withheld on Read the requirements. the annual earnings. Walsh authorized the following payroll deductions: Charity Fund contribution of 1% of total earnings and life insurance of $40 per month. Now compute Walsh's payroll deductions and not pay for the year. (Round all amounts to the nearest dollar.) Larry Walsh is general manager of Sandy Point Salons. During 2024, Walsh worked Sandy Point incurred payroll tax oxpense on W. for the company all year at a $10,600 monthly salary. He also camed a year-end company also paid stato uncmployment tax and bonus equal to 5% of his annual salary. Walsh's foderal income tax withheld during ; (Click the icon to viow payroll tax rate inform 2024 was \$1,272 per month, plus \$1,526 on his bonus chock. State income tax withheld camo to $140 per month, plus $60 on the bonus. FICA tax was withheld on Read the requirements. tho annual eamings. Walsh authorized the following payroll deductions: Charity Fund contribution of 1% of total carnings and life insurance of $40 per month. Net (take-home) pay Requirement 2. Compute Sandy Point's total 2024 payroll tax expense for Walsh. (Round all amounts to the nearest dollar.) Requirement 3. Make the joumal entry to record Sandy Point's expense for Walsh's total eamings for the year, his payroll deductions, and net pay Requirement 3. Make the joumal entry to record Sandy Point's expense for Walsh's total earnings for the year, his puyroll deductions, and not pay. Debit Salaries Expensie and Bonus Expense as appropeiate. Credit liability accounts for the payroll deductions and Cash for not pay. An explanation is not required. (Record debita firs then crodits. Exclude explanations from journal entries.) Requirement 4. Make the joumal entry to record the accrual of Sandy Point's payroll tax expense for Walsh's total eamings. (Record debits first, then crodits, Exclude explanations from journal entrios.) Requirement 5. Make the joumal entry for the payment of the payroll withholdings and taxes. (Record debits frst, then credits. Exclude explanations from joumal entries.) More info For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee: OASDI: 6.2% on first $132,900 earned; Medicare: 1.45% up to $200,000,2.35% on earnings above $200,000. Employer: 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

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