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L ngan White is general manager of Dunes Town Salons. During 2 0 2 4 , White worked for the company all year at a
L ngan White is general manager of Dunes Town Salons. During White worked for the company all year at a $ monthly salary.
He also earned a yearend bonus equal to of his annual salary. White's federal income tax withheld during was $
per month, plus $ on his bonus check. State income tax withheld came to $ per month, plus $ on the bonus. FICA tax was
withheld on the annual earnings. White authorized the following payroll deductions: Charity Fund contribution of of total earnings and
life insurance of $ per month.
Dunes Town incurred payroll tax expense on White for FICA tax. The company also paid state unemployment tax and federal
unemployment tax
Click the icon to view payroll tax rate information.
Read the requirements.
Requirement Compute White's gross pay, payroll deductions, and net pay for the full year Round all amounts to the nearest dollar.
Begin by computing White's gross pay for the year. Round all amounts to the nearest dollar.
Gross pay:
Gross Pay
Now compute White's payroll deductions and net pay for the year. Round all amounts to the nearest dollar.
Net pay:
Withholding deductions:
Net takehome pay
Net takehome pay
Requirement Compute Dunes Town's total payroll tax expense for White. Round all amounts to the nearest dollar.
Requirements
Compute White's gross pay, payroll deductions, and net pay for the full year
Round all amounts to the nearest dollar.
Compute Dunes Town's total payroll tax expense for White.
Make the journal entry to record Dunes Town'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.
Make the journal entry to record the accrual of Dunes Town's payroll tax
expense for White's total earnings.
Make the journal entry for the payment of the payroll withholdings and taxes.
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