Larry Whitney is general manager of Worldwide Salons. During 2018, Whitney 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. Whitney's federal income tax withheld during 2018 was $742 per month, plus $1,908 on his bonus check. State income tax withheld came to $80 per month, plus $50 on the bonus. FICA tax was withheld on the annual earnings. Whitney authorized the following payroll deductions: Charity Fund contribution of 1% of total earnings and life insurance of $35 per month. F Requirement 1. Compute Whitney's gross pay, payroll deductions, and net pay for the full year 2018. Round all amounts to t Begin by computing Whitney's gross pay for the year. (Round all amounts to the nearest dollar.) Gross pay: i Requirements Gross Pay 1. Compute Whitney 2018. Round all a 2. Compute Worldwi- 3. Make the journal e earnings for the ye Expense and Bony payroll deductions 4. Make the journal er expense for Whitne 5. Make the journal en Question Help mpany all year at a itney's federal income withheld came to $80 rized the following r month. Worldwide incurred payroll tax expense on Whitney 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 2018. Round all amounts to the nearest dollar. * Requirements X 1. Compute Whitney's gross pay, payroll deductions, and net pay for the full year 2018. Round all amounts to the nearest dollar. 2. Compute Worldwide's total 2018 payroll tax expense for Whitney. 3. Make the journal entry to record Worldwide's expense for Whitney'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. 4. Make the journal entry to record the accrual of Worldwide's payroll tax expense for Whitney's total earnings. 5. Make the journal entry for the payment of the payroll withholdings and taxes. Print Done 35 per month. Read the requirements. full year 2018. Round all amounts to the nearest dollar. est dollar.) Requirements R More Info x For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee: OASDI: 6.2% on first $118,500 earned; Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000. Employer: OASDI: 6.2% on first $118,500 earned; Medicare: 1.45% on all earnings; FUTA: 0.6% on first $7,000 earned: SUTA: 5.4% on first $7,000 earned. Print Done