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Need help on 2 please Clock Time ck Logan White is general Valuepoint year at a $13,600 monthly salary. Walsh's federal income tax Chapter 11-Group

Need help on 2 please image text in transcribed
Clock Time ck Logan White is general Valuepoint year at a $13,600 monthly salary. Walsh's federal income tax Chapter 11-Group Problem a year es. tnager of Valuepoint Salons. During 2018, White worked for the company all ry. He also earned a year-end bonus equal to 15% of heannual sala wonus. State income tax wiithheld during 2018 was $1,360 per month, plus $4,826 for the year on his mo.825 ban was withheld on the annual earnings deductions: Charity Fund contribu came to $150 per month plus $60 for the year on his bonus. FICA tax alary and bonus). Walsh authorized the following payroll tion of 1% of total earnings and life insurance of $40 per month. bonus). Wa Valuepoint Salons incurred payrol tax expense on White for FICA tax. The company also paid state unemployment tax and federal unemployment tax 1. Compute White's gross pay, payroll deductions, and net pay for the year the nearest dollar 2018 Round all amounts to Caloulation f nnual Amounts Annual Gross Pay Salary Bonus Total Gross Pay Deductions 0 Federal Income Tax State Income Tax FICA-OASDI FICA-Medicare Charity Fund Life Insurance -7 Total Deductions Net Pay 2. Make the journal entry to record Valuepoint's expense for White's deductions, and his net pay. Ex Assume his net pay was paid to him in a check on Decembe Debit Salaries Expense for salary and Bonus Expense for the bonus Accounts and Explanation DebitCredit Date 2018 Dec. 31

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