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Liam Wallace is general manager of $ tonyaide Salons. During 2024 , Walace worked for the company all year at a $13.600 monthly salary. He

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Liam Wallace is general manager of $ tonyaide Salons. During 2024 , Walace worked for the company all year at a $13.600 monthly salary. He also earned a year-end bonus equal to 20% of his annual saiary. Wollace'b federal income tax withheld durng 2024 was $1,360 per month, plus $3.917 on his bonus check, State income tax withheld came to $170 per month, plus $20 on the benus. FiCA tax was withheld on the annual eamings. Walace authorized the tollowing payroll deductions. Charity Fund contribution of 4% of total earnings and life insurance of $15 per month. Rend the reguitements. Requirement 1. Compute Wallase's grost pay, payroll deductions, and net pay for the ful year 2024. Rcund all amounts to me nearest dellar: Begn by computing Wallaces gross pay for the year (Roond all amounts io the nearest dollar) Now compoite Waliace's payroll deductions and net pay for the year, (Round at amounts to the nearest dolac.) Requirement 2. Compute Stomside's total 2024 peyroli tax expense for Walloce. (Round at amounts to the nescest dollar) entries.) \begin{tabular}{l|l|l|l|l|} \hline Dato & Accounts & Debit & Crodit \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline \end{tabular}

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