- Requirements 1. Compute Whitney's gross pay, payroll deductions, and net pay for the full year 2024. Round all amounts to the nearest dollar. 2. Compute Dunes Town's total 2024 payroll tax expense for Whitney. 3. Make the journal entry to record Dunes Town's expense for Whitney'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 Dunes Town's payroll tax expense for Whitney's total earnings. 5. Make the journal entry for the payment of the payroll withholdings and taxes. Larry Whitney is general manager of Dunes Town Salons. During 2024, Whitney worked for the company all year at a $14,200 monthly salary. He also earned a year-end bonus equal to 10% of his annual salary Whitney's federal income tax withheld during 2024 was $1,704 per month, plus $1,704 on his bonus check. State income tax withheld came to $160 per month, plus $30 on the bonus FICA tax was withhold on the annual earnings. Whitney authorized the following payroll deductions: Charity Fund contribution of 1% of total earnings and life insurance of $10 per month Dunes Town incurred payroll tax expense on Whitney unemployment tax and federal unorrployment tax (Click the icon to view payroll tax rate information Read the requirements VODI JOU Requirement 4. Make the journal entry to record the accrual of Dunos Town's payroll tax expense for Whitney's total earnings. (Record debits first, then credits Exduw Date Accounts Debit Credit Choose from any list or enter any number in the input fields and then click Check