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Gross pay: Salary $148,800 Bonus 7,440 Gross Pay $156,240 Lenny Worthington is general manager of Moonwalk Salons. Moonwalk incurred payroll tax expense on Worthington for

Gross pay:

Salary

$148,800

Bonus

7,440

Gross Pay

$156,240

image text in transcribed

Lenny Worthington is general manager of Moonwalk Salons. Moonwalk incurred payroll tax expense on Worthington for During 2018, Worthington worked for the company all year at a FICA tax. The company also paid state unemployment tax and $12,400 monthly salary. He also earned a year-end bonus federal unemployment tax. equal to 5% of his annual salary. Worthington's federal income (Click the icon to view payroll tax rate information.) tax withheld during 2018 was $868 per month, plus $1,116 on his bonus check. State income tax withheld came to $170 per Read the requirements. month, plus $90 on the bonus. FICA tax was withheld on the annual earnings. Worthington authorized the following payroll deductions: Charity Fund contribution of 3% of total earnings and life insurance of $10 per month. Now compute Worthington's payroll deductions and net pay for the year. (Round all amounts to the nearest dollar.) Net pay Withholding deductions: Net (take-home) pay

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