P11-26A (similar to) Question Help Larry Walsh is general manager of Moonwalk Salons. DuringMoonwalk incurred payroll tax expense on Walsh for FICA tax 2018, Walsh worked for the company all year at a $13,200 monthly salary. He also earned a year-end bonus equal to 15% of unemployment tax. his annual salary. Walsh's federal income tax withheld during(Click the icon to view payroll tax rate information) 2018 was $1,320 per month, plus $2,376 on his bonus check State income tax withheld came to $140 per month, plus $130 on the bonus. FICA tax was withheld on the annual earnings. Walsh authorized the following payroll deductions: Charity Fund contribution of 2% of total earnings and life insurance of $20 per month The company also paid state unemployment tax and federal Read the requirements Requirement 1. Compute Walsh's gross pay, payrolil deductions, and net pay for the full year 2018. Round all amounts tothe nearest dollar Begin by computing Walsh's gross pay for the year (Round all amounts to the nearest dollar) Gross pay Employee income tax Requir Gross Pay 1. Compute Walsh's gross pay, payroll deductions, and net pay for the full year 2018 Round all amounts to the nearest dollar 2. Compute Moonwalk's total 2018 payroll tax expense for Walsh 3. Make the journal entry to record Moonwalk's expense for Walsh's total earnings for the year, his payroll deductions, and net pay. Debit Salaries Expense and Bonus Expense as appropriate. Credit liability accounts for the payroll deductions and Cash for net pay. An explanation is not required number in the A. Make the jounal entry to record the accrual of Moonwalk's payroll tax expense for Walsh's total earnings 5. Make the journal entry for the payment of the payroll withholdings and taxes 5 Remaining parts elta (DI ) #1351 FlightAware P11-26A (similar to) Question Help Larry Walsh is general manager of Moonwalk Salons. DuringMoonwalk incurred payroll tax expense on Walsh for FICA tax 2018, Walsh worked for the company all year at a $13,200 monthly salary. He also earned a year-end bonus equal to 15% of unemployment tax. his annual salary. Walsh's federal income tax withheld during(Click the icon to view payroll tax rate information) 2018 was $1,320 per month, plus $2,376 on his bonus check State income tax withheld came to $140 per month, plus $130 on the bonus. FICA tax was withheld on the annual earnings. Walsh authorized the following payroll deductions: Charity Fund contribution of 2% of total earnings and life insurance of $20 per month The company also paid state unemployment tax and federal Read the requirements Requirement 1. Compute Walsh's gross pay, payrolil deductions, and net pay for the full year 2018. Round all amounts tothe nearest dollar Begin by computing Walsh's gross pay for the year (Round all amounts to the nearest dollar) Gross pay Employee income tax Requir Gross Pay 1. Compute Walsh's gross pay, payroll deductions, and net pay for the full year 2018 Round all amounts to the nearest dollar 2. Compute Moonwalk's total 2018 payroll tax expense for Walsh 3. Make the journal entry to record Moonwalk's expense for Walsh's total earnings for the year, his payroll deductions, and net pay. Debit Salaries Expense and Bonus Expense as appropriate. Credit liability accounts for the payroll deductions and Cash for net pay. An explanation is not required number in the A. Make the jounal entry to record the accrual of Moonwalk's payroll tax expense for Walsh's total earnings 5. Make the journal entry for the payment of the payroll withholdings and taxes 5 Remaining parts elta (DI ) #1351 FlightAware
