Liam Wallace is general manager of Stonyside Salons. During 2024, Wallace worked for the company all year at a $12,400 monthly salary. He also earned a year-end bonus equal to 10% of his annual salary. Wallace's federal income tax withheld during 2024 was $2,976 per month, plus $1,488 on his bonus check. State income tax withheld came to $90 per month, plus $60 on the bonus. FICA tax was withheld on the annual earnings. Wallace authorized the following payroll deductions: Charity Fund contribution of 3% of total earnings and life insurance of $40 per month