Lous Welch is general manager of Sondy Poin Salons. During 2024 , Wekch worked tor the company atf year at a 512,200 morthly salary. He also earned a year-end bonus equal to 15tw of his annial salvy. Sandy Point incured payeol tar expense on Weich for FICA tac The compamy atso paid stave Welk's federdi income tax withheld during 2024 was $1.464 per month, plus $4.831 on his bonus check untmployment tar and federal unemployatert tax State income tax withheld came to $130 per manth, plus $100 on the borus. FICA tax was wenheld on the (i) (Click the icon to view paycal tax rate information) arnual carnings. Weich authorited the folowing psyroli deductions: Charity Fund contribution of 146 of sotal earrings and hte insurance of $35 per month. Aesd the requirements Requirement 1. Compute Weichis gross pay, paynol deductons and net pryy tor the thill yoar 2024. Round all amouns to the nearest dollar. Begin by computing Wekchs gross pay for the yoar. (Aound all amounts so the nesest dolar) More info For all paycol catculasons, use the following tax tates and round amounts to the nearest cent Employee OASD: 624 on fist 1132,900 earned; Medicace: 1.45% op to 5200,000,2.35 w on eamings above 1200,000 Employer. OASOR: 6.24 on first 5132,900 eamed, Medicare: 1.45 . PUTA. 0.61 on trst $7.000 eamed, SUTA: 5.4% on tres $7,000 eamed