Louit Wolch is generai manuger of Uniled Salons: Duing 2024, Welch worked for see company as year at earings and the inturance of $30 per month. Unted incumed pryolit tax expense on Woich for ficA tax. The corpany also pad state inemployment lox and foderel unemplesment tax. Fiead the mquiraments. For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee: OASDI: 6.2% on frat $132,900 eamed; Medicare: 1.45% up to $200,000,2.35% on eamings abeve $200,000. Employer: OASD: 6.2% on first $132,900 eamed, Medicare: 1,45%; FUTA 0.6% on first $7.000 earned, SUTA. 5.4% on first $7,000 eamed. 1. Compute Welch's gross pay payrell deductions, and net pay for the full year 2024. Round al amounts to the nearest doliac. 2. Compute Unileos tocal 2024 payrod tax expense for Welch. 3. Wake the joumat entry to record United's expense for Welch's total earnings for the year, his paryroll deductions, and net pay. Debit Salaries Expense and Bonus Expense as appropriate. Credil lability accounts for the payroll deductions and Cash for net pay. An explanation is not required. 4. Make the joumal entry ta record the accrual of Unileds payrod tax expense for Weich's tocal earnings. 5. Make the journal entry for the payment of the poyroll wetholdings and taxes