inempicymerd tas Chosiray Gun Pay Nent par Wrenoiting defuctione: Net ean horel par Erploye Porvol tare Ratai Parrat Ciserese \begin{tabular}{l|l|l|l|l|} \hline Date & Acceons & Deth & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline Date & Abeounts & Daba & Cinte \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline Dite & Neveunts & Dabet & Cieda \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} For al payroll calculations, use the folowing tax ranes and round amounts to the nearest cent: Employes: OASOI: 62% on first $132,900 earned, Medicare: 1.45% up to $200,000,2.35% on eamings above $200,000. Employer: OASOL: 6.2% on frst $132,900 earned, Medicare: 1.45%; FUTA: 0.6% on first $7,000 earned; $ UTA. 5.4% on frat $7,000 esened 1. Compule Welkh's gress pay, payroll dectuctions, and net pay for the Nut year 2024. Round all amounts to the nearest dolar. 2. Compuse Uniled's tolal 2024 parroll tax expense for Weich. 3. Make the joumal entry to record Uniled's expense for Welch's total earnings for the year, his payrol deductions, and net pay. Debit Salaries Expense and Bohus Expente as apprepriate. Credt tiability accounts for the payrol deductions and Cash for net poy. An explanation is not required. 4. Make the journal entry to record the accrual of United's payroll tax expense for Welch's total eamings. 5. Make the journal entry for the payment of the payroll witholdings and taxes. the company. (Click the kon to view the inoorne slakement) Requirements 1. Fa in the missing information for Virginia's year ended Jul 31,2024, income statement Roind to the noareat deliar. 2. Compute be timesinterest-earned ratio for the company. Round to wo decimals. parentheses to enter other expensies) Requirement 2. Compule the tines-interest-eamed nabo for the compary. Pound to teo decimals Select the formula and enter the amounts to compule the intes-interest-earned ratio. (plound your answer to two decimat piaces, X ) Timesinterest-earned ratio =1 Data table \begin{tabular}{|c|c|c|c|c|c|} \hline \multicolumn{6}{|c|}{\begin{tabular}{l} Virginia Communications, Inc. \\ Income Statement \\ Year Ended July 31, 2024 \end{tabular}} \\ \hline \multicolumn{4}{|l|}{ Net Sales Revenue } & $ & 28,000 \\ \hline \multicolumn{4}{|l|}{ Cost of Goods Sold } & & 12,200 \\ \hline \multicolumn{5}{|l|}{ Gross Profit } & 15,800 \\ \hline \multicolumn{6}{|l|}{ Operating Expenses: } \\ \hline \multicolumn{2}{|c|}{ Selling Expenses } & $ & 750 & & \\ \hline \multicolumn{2}{|c|}{ - Administrative Expenses } & & 1,600 & & \\ \hline \multicolumn{3}{|c|}{ Total Operating Expenses } & & & 2,350 \\ \hline \multicolumn{3}{|l|}{ Operating Income } & & & 13,450 \\ \hline \multicolumn{6}{|c|}{ Other Income and (Expenses): } \\ \hline \multicolumn{2}{|c|}{ Interest Expense } & & ? & & \\ \hline \multicolumn{3}{|c|}{ Total Other Income and (Expenses) } & & & ? \\ \hline \multicolumn{4}{|c|}{ Net Income before Income Tax Expense } & & ? \\ \hline \multicolumn{2}{|l|}{ Income Tax Expense } & & & & 2,570 \\ \hline \multicolumn{2}{|l|}{ Net Income } & & & & \$? \\ \hline \end{tabular}