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Larry Walsh is general manager of United Salons. During 2018, Walsh worked for the company all year at a $10,600 monthly salary. He also
Larry Walsh is general manager of United Salons. During 2018, Walsh worked for the company all year at a $10,600 monthly salary. He also earned a year-end bonus equal to 15% of his annual salary. Walsh's federal income tax withheld during 2018 was $742 per month, plus $3,816 on his bonus check. State income tax withheld came to $100 per month, plus $80 on the bonus. FICA tax was withheld on the annual earnings. Walsh authorized the following payroll deductions: Charity Fund contribution of 4% of total earnings and life insurance of $15 per month. United incurred payroll tax expense on Walsh 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 1. Compute Walsh's gross pay, payroll deductions, and net pay for the full year 2018. Round all amounts to the nearest dollar. Begin by computing Walsh's gross pay for the year. (Round all amounts to the nearest dollar.) Gross pay: Gross Pay
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