Requirement 1. Compute Welch's gross pay, payroll deductions, and net pay for the full year 2024. Round all amsunts to tha nearest doilar. Begin by computing Welch's gross pay for the yeac, (Rlound all amounts to the nearest dollar) More info For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee: OASDI: 6.2% on first $132,900 eamed; Medicare: 1.45% up to $200,000,2.35% on earnings above $200,000. Employer: OASDI: 6.2% on first $132,900 earned; Medicare: 1.45%; FUTA: 0.6% on first $7,000 eamed; SUTA: 5.4% on first $7,000 earned