f112 i need help

Logan White is general manager of Sandy Point Salons. During 2024, White worked for the company all year at a $10,600 monthly salary. He also earned a year-end bonus equal to 10% of his annual salary. White's federal income tax withheld during 2024 was $2,332 per month, plus $1,526 on his bonus check. State income tax withheld came to $90 per month, plus $70 on the bonus. FICA tax was witheld on the annual earnings. White authorized the following payroll deductions: Charity Fund contribution of 4% of total earnings and life insurance of $5 per month. 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. Requirements 1. Compute White's gross pay, payroll deductions, and net pay for the full year 2024. Round all amounts to the nearest dollar. 2. Compute Sandy Point's total 2024 payroll tax expense for White. 3. Make the journal entry to record Sandy Point's expense for White'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 Sandy Point's payroll tax expense for White's total earnings. 5. Make the journal entry for the payment of the payroll withholdings and taxes. Requirement 1. Compute White's gross pay, payroll deductions, and net pay for the full year 2024. Round all amounts to the nearest dollar. Begin by computing White's gross pay for the year. (Round all amounts to the nearest dollar.) Now compute White's payroll deductions and net pay for the year. (Round all amounts to the nearest dollar.) Requirement 2. Compute Sandy Point's total 2024 payroll tax expense for White. (Round all amounts to the nearest dollar.) Requirement 3. Make the journal entry to record Sandy Point's expense for White'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. (Record debits first, then credits. Exclude explanations from journal entries.) Requirement 4. Make the journal entry to record the accrual of Sandy Point's payroll tax expense for White's total earnings. (Record debits first, then credits. Exclude explanations from journal entries.) \begin{tabular}{|c|c|c|c|} \hline Date & Accounts & Debit & Credit \\ \hline & Payroll Tax Expense & & \\ \hline & FICA-OASDI Taxes Payable & & \\ \hline & FICA-Medicare Taxes Payable & & \\ \hline & Federal Unemployment Taxes Payable & & \\ \hline & State Unemployment Taxes Payable & & \\ \hline \end{tabular} Requirement 5. Make the journal entry for the payment of the payroll withholdings and taxes. (Record debits first, then credits. Exclude explanations from journal entries.) \begin{tabular}{|c|c|c|c|} \hline Date & Accounts & Debit & Credit \\ \hline & Employee Federal Income Taxes Payable & & \\ \hline & Employee State Income Taxes Payable & & \\ \hline & FICA-Medicare Taxes Payable & & \\ \hline & FICA-OASDI Taxes Payable & & \\ \hline & Charity Fund Payable & & \\ \hline & Life Insurance Payable & & \\ \hline & Federal Unemployment Taxes Payable & & \\ \hline & State Unemployment Taxes Payable & & \\ \hline & Cash & & \\ \hline \end{tabular}