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Larry Walsh is general manager of Sandy Point Salons. During 2024, Walsh worked for the company all year at a $10,600 monthly salary He also
Larry Walsh is general manager of Sandy Point Salons. During 2024, Walsh worked for the company all year at a $10,600 monthly salary He also eamed a year-end bonus equal to 20% of his annual salary Walsh's federal income tax withheld during 2024 was $2,332 per month, plus $6,106 on his bonus check. State income tax withheld came to $100 per month, plus $30 on the bonus. FICA tax was life insurance of $35 per month. Sandy Point incurred payroll tax expense on Walsh for FICA tax. The company also paid state unemployment tax and federal (Click the icon to view payroll tax rate information) Read the Gross Pay Now compute Walsh's payroll deductions and net pay for the year. (Round all amounts to the nearest dollat)
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