Lee Werner is general manager of Worldwide Salons. During 2024, Werner 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. Werner's federal income tax withheld during 2024 was $1,272 per month, plus $6,106 on his bonus check. State income tax withheld came to $140 per month, plus $60 on the bonus. FICA tax was withheld on the annual earnings. Werner authorized the following payroll deductions: Charity Fund contribution of 3% of total earnings and life insurance of $40 per month. Worldwide incurred payroll tax expense on Werner 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 Werne More Info Requirements Begin by computing Werner's grd Gross pay For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee: Gross Pay OASDI: 6.2% on first $132,900 earned; Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000. OASDI: 6.2% on first $132,900 earned; Medicare: 1.45%; FUTA: 0.6% on first $7,000 earned; SUTA: 5.4% on first $7,000 earned. Employer: 1. Compute Werner's gross pay, payroll deductions, and net pay for the full year 2024. Round all amounts to the nearest dollar. 2. Compute Worldwide's total 2024 payroll tax expense for Werner. 3. Make the journal entry to record Worldwide's expense for Werner'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 Werner's total earnings. 5. Make the journal entry for the payment of the payroll withholdings and taxes. Now compute Werner's payroll de Net pay: Print Done Withholding deductions: Print Done More Info Lee Werner is general manager of Worldwide Salons. During 2024, Werner worked for the company all year at a Worldwide incurred payroll $10,600 monthly salary. He also earned a year-end bonus equal to 15% of his annual salary. Werner's federal income tax federal unemployment tax. withheld during 2024 was $1,272 per month, plus $6,106 on his bonus check. State income tax withheld came to $140 A (Click the icon to view per month, plus $60 on the bonus. FICA tax was withheld on the annual earnings. Werner authorized the following payroll deductions: Charity Fund contribution of 3% of total earnings and life insurance of $40 per month. Read the requirements. For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee: Requirement 1. Compute Werner's gross pay, payroll deductions, and net pay for the full year 2024. Round all amounts to the nearest dollar. Begin by computing Werner's gross pay for the year. (Round all amounts to the nearest dollar.) OASDI: 6.2% on first $132,900 earned; Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000. OASDI: 6.2% on first $132,900 earned; Medicare: 1.45%; FUTA: 0.6% on first $7,000 earned; SUTA: 5.4% on first $7,000 earned. Employer: Gross pay: Print Done Gross Pay Now compute Werner's payroll deductions and net pay for the year. (Round all amounts to the nearest dollar.) Requirements Net pay: Withholding deductions: 1. Compute Werner's gross pay, payroll deductions, and net pay for the full year 2024. Round all amounts to the nearest dollar. 2. Compute Worldwide's total 2024 payroll tax expense for Werner. 3. Make the journal entry to record Worldwide's expense for Werner'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 Werner's total earnings. 5. Make the journal entry for the payment of the payroll withholdings and taxes. Choose from any list or enter any number in the input fields and then continue to the next question. Print Done ? Lee Werner is general manager of Worldwide Salons. During 2024, Werner 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. Werner's federal income tax withheld during 2024 was $1,272 per month, plus $6,106 on his bonus check. State income tax withheld came to $140 per month, plus $60 on the bonus. FICA tax was withheld on the annual earnings. Werner authorized the following payroll deductions: Charity Fund contribution of 3% of total earnings and life insurance of $40 per month. Worldwide incurred payroll tax expense on Werner 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 Net (take-home) pay Requirement 2. Compute Worldwide's total 2024 payroll tax expense for Werner. (Round all amounts to the nearest dollar.) Employer Payroll Taxes: Total Employer Payroll Tax Total Payroll Expense Requirement 3. Make the journal entry to record Worldwide's expense for Werner'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. (Record debits first, then credits. Exclude explanations from journal entries.) Date Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question. ? Lee Werner is general manager of Worldwide Salons. During 2024, Werner worked for the company all year at a Worldwide incurred payroll tax expense on Werner for FICA tax. The company also paid state unemployment tax and $10,600 monthly salary. He also earned a year-end bonus equal to 15% of his annual salary. Werner's federal income tax federal unemployment tax. withheld during 2024 was $1,272 per month, plus $6,106 on his bonus check. State income tax withheld came to $140 (Click the icon to view payroll tax rate information.) per month, plus $60 on the bonus. FICA tax was withheld on the annual earnings. Werner authorized the following payroll deductions: Charity Fund contribution of 3% of total earnings and life insurance of $40 per month. Read the requirements Requirement 3. Make the journal entry to record Worldwide's expense for Werner'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. (Record debits first, then credits. Exclude explanations from journal entries.) Date Accounts Debit Credit Requirement 4. Make the journal entry to record the accrual of Worldwide's payroll tax expense for Werner's total earnings. (Record debits first, then credits. Exclude explanations from journal entries.) Date Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question. Lee Werner is general manager of Worldwide Salons. During 2024, Werner worked for the company all year at a Worldwide incurred payroll tax expense on Werner for FICA tax. The company also paid state unemployment tax and $10,600 monthly salary. He also earned a year-end bonus equal to 15% of his annual salary. Werner's federal income tax federal unemployment tax. withheld during 2024 was $1,272 per month, plus $6,106 on his bonus check. State income tax withheld came to $140 (Click the icon to view payroll tax rate information.) per month, plus $60 on the bonus. FICA tax was withheld on the annual earnings. Werner authorized the following payroll deductions: Charity Fund contribution of 3% of total earnings and life insurance of $40 per month. Read the requirements Requirement 4. Make the journal entry to record the accrual of Worldwide's payroll tax expense for Werner's total earnings. (Record debits first, then credits. Exclude explanations from journal entries.) Date Accounts Debit Credit Requirement 5. Make the journal entry for the payment of the payroll withholdings and taxes. (Record debits first, then credits. Exclude explanations from journal entries.) Date Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question. ? Lee Werner is general manager of Worldwide Salons. During 2024, Werner 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. Werner's federal income tax withheld during 2024 was $1,272 per month, plus $6,106 on his bonus check. State income tax withheld came to $140 per month, plus $60 on the bonus. FICA tax was withheld on the annual earnings. Werner authorized the following payroll deductions: Charity Fund contribution of 3% of total earnings and life insurance of $40 per month. Worldwide incurred payroll tax expense on Werner for FICA tax. The company also paid state unemployment tax and federal unemployment tax. A (Click the icon to view payroll tax rate information.) Read the requirements. Date Accounts Debit Credit Requirement 5. Make the journal entry for the payment of the payroll withholdings and taxes. (Record debits first, then credits. Exclude explanations from journal entries.) Date Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question. ? Lee Werner is general manager of Worldwide Salons. During 2024, Werner 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. Werner's federal income tax withheld during 2024 was $1,272 per month, plus $6,106 on his bonus check. State income tax withheld came to $140 per month, plus $60 on the bonus. FICA tax was withheld on the annual earnings. Werner authorized the following payroll deductions: Charity Fund contribution of 3% of total earnings and life insurance of $40 per month. Worldwide incurred payroll tax expense on Werner 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 Werne More Info Requirements Begin by computing Werner's grd Gross pay For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee: Gross Pay OASDI: 6.2% on first $132,900 earned; Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000. OASDI: 6.2% on first $132,900 earned; Medicare: 1.45%; FUTA: 0.6% on first $7,000 earned; SUTA: 5.4% on first $7,000 earned. Employer: 1. Compute Werner's gross pay, payroll deductions, and net pay for the full year 2024. Round all amounts to the nearest dollar. 2. Compute Worldwide's total 2024 payroll tax expense for Werner. 3. Make the journal entry to record Worldwide's expense for Werner'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 Werner's total earnings. 5. Make the journal entry for the payment of the payroll withholdings and taxes. Now compute Werner's payroll de Net pay: Print Done Withholding deductions: Print Done More Info Lee Werner is general manager of Worldwide Salons. During 2024, Werner worked for the company all year at a Worldwide incurred payroll $10,600 monthly salary. He also earned a year-end bonus equal to 15% of his annual salary. Werner's federal income tax federal unemployment tax. withheld during 2024 was $1,272 per month, plus $6,106 on his bonus check. State income tax withheld came to $140 A (Click the icon to view per month, plus $60 on the bonus. FICA tax was withheld on the annual earnings. Werner authorized the following payroll deductions: Charity Fund contribution of 3% of total earnings and life insurance of $40 per month. Read the requirements. For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee: Requirement 1. Compute Werner's gross pay, payroll deductions, and net pay for the full year 2024. Round all amounts to the nearest dollar. Begin by computing Werner's gross pay for the year. (Round all amounts to the nearest dollar.) OASDI: 6.2% on first $132,900 earned; Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000. OASDI: 6.2% on first $132,900 earned; Medicare: 1.45%; FUTA: 0.6% on first $7,000 earned; SUTA: 5.4% on first $7,000 earned. Employer: Gross pay: Print Done Gross Pay Now compute Werner's payroll deductions and net pay for the year. (Round all amounts to the nearest dollar.) Requirements Net pay: Withholding deductions: 1. Compute Werner's gross pay, payroll deductions, and net pay for the full year 2024. Round all amounts to the nearest dollar. 2. Compute Worldwide's total 2024 payroll tax expense for Werner. 3. Make the journal entry to record Worldwide's expense for Werner'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 Werner's total earnings. 5. Make the journal entry for the payment of the payroll withholdings and taxes. Choose from any list or enter any number in the input fields and then continue to the next question. Print Done ? Lee Werner is general manager of Worldwide Salons. During 2024, Werner 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. Werner's federal income tax withheld during 2024 was $1,272 per month, plus $6,106 on his bonus check. State income tax withheld came to $140 per month, plus $60 on the bonus. FICA tax was withheld on the annual earnings. Werner authorized the following payroll deductions: Charity Fund contribution of 3% of total earnings and life insurance of $40 per month. Worldwide incurred payroll tax expense on Werner 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 Net (take-home) pay Requirement 2. Compute Worldwide's total 2024 payroll tax expense for Werner. (Round all amounts to the nearest dollar.) Employer Payroll Taxes: Total Employer Payroll Tax Total Payroll Expense Requirement 3. Make the journal entry to record Worldwide's expense for Werner'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. (Record debits first, then credits. Exclude explanations from journal entries.) Date Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question. ? Lee Werner is general manager of Worldwide Salons. During 2024, Werner worked for the company all year at a Worldwide incurred payroll tax expense on Werner for FICA tax. The company also paid state unemployment tax and $10,600 monthly salary. He also earned a year-end bonus equal to 15% of his annual salary. Werner's federal income tax federal unemployment tax. withheld during 2024 was $1,272 per month, plus $6,106 on his bonus check. State income tax withheld came to $140 (Click the icon to view payroll tax rate information.) per month, plus $60 on the bonus. FICA tax was withheld on the annual earnings. Werner authorized the following payroll deductions: Charity Fund contribution of 3% of total earnings and life insurance of $40 per month. Read the requirements Requirement 3. Make the journal entry to record Worldwide's expense for Werner'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. (Record debits first, then credits. Exclude explanations from journal entries.) Date Accounts Debit Credit Requirement 4. Make the journal entry to record the accrual of Worldwide's payroll tax expense for Werner's total earnings. (Record debits first, then credits. Exclude explanations from journal entries.) Date Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question. Lee Werner is general manager of Worldwide Salons. During 2024, Werner worked for the company all year at a Worldwide incurred payroll tax expense on Werner for FICA tax. The company also paid state unemployment tax and $10,600 monthly salary. He also earned a year-end bonus equal to 15% of his annual salary. Werner's federal income tax federal unemployment tax. withheld during 2024 was $1,272 per month, plus $6,106 on his bonus check. State income tax withheld came to $140 (Click the icon to view payroll tax rate information.) per month, plus $60 on the bonus. FICA tax was withheld on the annual earnings. Werner authorized the following payroll deductions: Charity Fund contribution of 3% of total earnings and life insurance of $40 per month. Read the requirements Requirement 4. Make the journal entry to record the accrual of Worldwide's payroll tax expense for Werner's total earnings. (Record debits first, then credits. Exclude explanations from journal entries.) Date Accounts Debit Credit Requirement 5. Make the journal entry for the payment of the payroll withholdings and taxes. (Record debits first, then credits. Exclude explanations from journal entries.) Date Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question. ? Lee Werner is general manager of Worldwide Salons. During 2024, Werner 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. Werner's federal income tax withheld during 2024 was $1,272 per month, plus $6,106 on his bonus check. State income tax withheld came to $140 per month, plus $60 on the bonus. FICA tax was withheld on the annual earnings. Werner authorized the following payroll deductions: Charity Fund contribution of 3% of total earnings and life insurance of $40 per month. Worldwide incurred payroll tax expense on Werner for FICA tax. The company also paid state unemployment tax and federal unemployment tax. A (Click the icon to view payroll tax rate information.) Read the requirements. Date Accounts Debit Credit Requirement 5. Make the journal entry for the payment of the payroll withholdings and taxes. (Record debits first, then credits. Exclude explanations from journal entries.) Date Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next