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Please answer in excel Requirements X 1. Compute Worthington's gross pay, payroll deductions, and net pay for the full year 2018. Round all amounts to

Please answer in excel
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Requirements X 1. Compute Worthington'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 Worthington 3. Make the journal entry to record Moonwalk's expense for Worthington'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 4. Make the journal entry to record the accrual of Moonwalk's payroll tax expense for Worthington's total earnings. 5. Make the journal entry for the payment of the payroll withholdings and taxes. e g Print Done More info For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee: Employer: OASDI: 6.2% on first $118,500 earned; Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000. OASDI: 6.2% on first $118,500 earned; Medicare: 1.45% on all earnings; FUTA: 0.6% on first $7,000 earned; SUTA: 5,4% on first $7,000 earned Lenny Worthington is general manager of Moonwalk Salons. During 2018, Worthington worked for the company all year at a $12,900 monthly salary. He also earned a year-end bonus equal to 15% of his annual salary. Worthington's federal income tax withheld during 2018 was $903 per month, plus $2,322 on his bonus check. State income tax withheld came to $60 per month, plus $50 on the bonus. FICA tax was withheld on the annual earnings. Worthington authorized the following payroll deductions: Charity Fund contribution of 1% of total earnings and life insurance of $50 per month Moonwalk incurred payroll tax expense on Worthington for FICA tax. The company also paid state unemployment tax and federal unemployment tax. (Click the icon to view payroll tax rate information.) Read the requirements

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