Score: 0 of 6 pts 16 of 17 (8 P11-26A (similar to) Lenny Worthington is general manager of Stoneybrook Salons. During 2018, Worthington worked for the company all year at a $13,400 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 $2,010 per month, plus $3,618 on his bonus check. State income tax withheld came to $80 per month, plus $40 on the bonus. FICA tax was withheld on the annual earnings. Worthington authorized the following payroll deductions: Charity Fund contribution of 4% of total earnings and life insurance of $10 per month Requirement 1. Compute Worthington's gross pay, payroll deductions, and net pay for the full year 2018. Round all amoun Begin by computing Worthington's gross pay for the year. (Round all amounts to the nearest dollar.) Gross pay: Gross Pay Requirement 1. Compute Worthington's gross pay, payroll deductions, and net pay for the ful Begin by computing Worthington's gross pay for the year. (Round all amounts to the nearest Gross pay Bonus Employee income tax Medicare tax OASDI tax Salary Choose from any list or enter any number in the input fields and then click Check Answer Stoneybrook incurred payroll tax expense on Worthington for FICA tax. The company also paid state unemployment tax and federal unemployment tax. i (Click the icon to view payroll tax rate information.) - X * Requirements oun 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 Stoneybrook's total 2018 payroll tax expense for Worthington. 3. Make the journal entry to record Stoneybrook'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 Stoneybrook's payroll tax expense for Worthington's total earnings. 5. Make the journal entry for the payment of the payroll withholdings and taxes. Print Done cing Worthington's gross pay for the year. (Round all amounts to the nearest dollar.) i 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. Print Done