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Larry Walsh is general manager of Worldwide Salons. During 2024, Walsh worked for the Worldwide incurred payroll tax expense on Walsh for FICA tax. The

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Larry Walsh is general manager of Worldwide Salons. During 2024, Walsh worked for the Worldwide incurred payroll tax expense on Walsh for FICA tax. The company also paid company all year at a $11,800 monthly salary. He also earned a year-end bonus equal to 15% of his annual salary. Walsh's federal income tax withheld during 2024 was $1,180 per month, plus $2,549 on his bonus check. State income tax withheld came to $110 per month, plus $100 on the bonus. FICA tax was withheld on the annual earnings. Walsh authorized the following payroll state unemployment tax and federal unemployment tax. deductions: Charity Fund contribution of 3% of total earnings and life insurance of $10 per month. (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 2024. Round all amounts to the nearest dollar. Begin by computing Walsh's gross pay for the year. (Round all amounts to the nearest dollar.) Now compute Walsh's payroll deductions and net pay for the year. (Round all amounts to the nearest dollar.)

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