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% P11-26A (similar to) A Question Help Logan White is general manager of United Salons. During 2016, White worked for the company all year at a United incurred payroll tax expense on White for FICA tax. The company also paid state unemployment tax and $13,600 monthly salary. He also earned a year-end bonus equal to 5% of his annual salary. White's federal income federal unemployment tax. tax withheld during 2016 was $1,088 per month, plus $816 on his bonus check. State income tax withheld came to (Click the icon to view payroll tax rate information.) $120 per month, following payroll d Xh. Requirements Read the requirements. Net pay . X More Info Withholding dedu 1. Compute White's gross pay, payroll deductions, and net pay for the full year 2016. Round all amounts to the nearest dollar. 2. Compute United's total 2016 payroll expense for White 3. Make the journal entry to record United's expense for White'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 United's payroll tax expense for White's total earnings. For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee: OASDI: 6.2% on first $117,000 earned; Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000 Employer OASDI: 6.2% on first $117,000 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 Print Done Net (take-home) Choose from any list or enter any number in the input fields and then click Check Answer. parts remaining Clear All Check Answer P11-26A (similar to) A Question Help Logan White is general manager of United Salons. During 2016, White worked for the company all year at a United incurred payroll tax expense on White for FICA tax. The company also paid state unemployment tax and $13.600 monthly salary. He also earned a year-end bonus equal to 5% of his annual salary. White's federal income federal unemployment tax. tax withheld during 2016 was $1,088 per month, plus $816 on his bonus check. State income tax withheld came to A (Click the icon to view payroll tax rate information.) $120 per month, plus $110 on the bonus. FICA tax was withheld on the annual earnings. White authorized the following payroll deductions: Charity Fund contribution of 3% of total earnings and life insurance of $40 per month. Read the requirements Net pay Withholding deductions Net (take-home) pay Choose from any list or enter any number in the input fields and then click Check Answer. parts remaining Clear All Check Answer % P11-26A (similar to) A Question Help Logan White is general manager of United Salons. During 2016, White worked for the company all year at a United incurred payroll tax expense on White for FICA tax. The company also paid state unemployment tax and $13,600 monthly salary. He also earned a year-end bonus equal to 5% of his annual salary. White's federal income federal unemployment tax. tax withheld during 2016 was $1,088 per month, plus $816 on his bonus check. State income tax withheld came to (Click the icon to view payroll tax rate information.) $120 per month, following payroll d Xh. Requirements Read the requirements. Net pay . X More Info Withholding dedu 1. Compute White's gross pay, payroll deductions, and net pay for the full year 2016. Round all amounts to the nearest dollar. 2. Compute United's total 2016 payroll expense for White 3. Make the journal entry to record United's expense for White'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 United's payroll tax expense for White's total earnings. For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee: OASDI: 6.2% on first $117,000 earned; Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000 Employer OASDI: 6.2% on first $117,000 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 Print Done Net (take-home) Choose from any list or enter any number in the input fields and then click Check Answer. parts remaining Clear All Check Answer P11-26A (similar to) A Question Help Logan White is general manager of United Salons. During 2016, White worked for the company all year at a United incurred payroll tax expense on White for FICA tax. The company also paid state unemployment tax and $13.600 monthly salary. He also earned a year-end bonus equal to 5% of his annual salary. White's federal income federal unemployment tax. tax withheld during 2016 was $1,088 per month, plus $816 on his bonus check. State income tax withheld came to A (Click the icon to view payroll tax rate information.) $120 per month, plus $110 on the bonus. FICA tax was withheld on the annual earnings. White authorized the following payroll deductions: Charity Fund contribution of 3% of total earnings and life insurance of $40 per month. Read the requirements Net pay Withholding deductions Net (take-home) pay Choose from any list or enter any number in the input fields and then click Check Answer. parts remaining Clear All Check
