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How do I solve requirements 3, 4 and 5? Requirement 3. Woke the journal entry to recond Unteds expenso for Welchts wetal eamings for the

How do I solve requirements 3, 4 and 5?
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Requirement 3. Woke the journal entry to recond Unteds expenso for Welchts wetal eamings for the year, his payroll deductions, and net pay. Debit Sslaries Exponse and Bonus Expense as. appropriate. Credit iablity accounts for the paymoli deductions and Cash for net pay. As explanation is not reguirod. (Record debits first, then isedits Exctude explaruticns trum jourhal enties. Requirements 1. Compute Welch'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 Welch. 3. Make the journal entry to record United's expense for Welch'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 Welch's total earnings. 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. Lous Welch is generd manager of Unted Sabos. During 20e4, Weigh worhed for the company allyear at a 513,600 morehly salary. He dish samed a yode-end bonus equal io 20 in of his annual kalary. Welch federal income tax witheld during 2024 was $326 per thonth, plus $7,181 on his besis check. Stale income tax w theld came to 5170 per morth, phs 370 cr the bonus. Fich tax was witheld on the annual exninge. Woich aithorted the following paynoli deductions: Chanty Fund contrbuton of 4% of total eagnings and the insuance of $30 per month. Unsted incumed payrol tax expente an Welch for FicA bor. The compary also paid state uhemployment tix and iederal unomploymert tax. (1) (Clck the icon lo vis w paryroil tax rile (cigemation ) Rebd the requirements

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