U pa Len Wilson is general manager of United Salons. During 2018, Wilson worked for the company all year at a $10,600 monthly salary. He also earned a year-end bonus equal to 5% of his annual salary. Wilson's federal income tax withheld during 2018 was $1,272 per month, plus $954 on his bonus check. State income tax withheld came to $110 per month, plus $30 on the bonus. FICA tax was withheld on the annual earnings. Wilson authorized the following payroll deductions: Charity Fund contribution of 4% of total earnings and life insurance of $10 per month R Requirement 1. Compute Wilson's gross pay, payroll deductions, and net pay for the fi Begin by computing Wilson's gross pay for the year. (Round all amounts to the nearest Gross pay Gross Pay NA worked for ear-end ithheld ate income x wag oll nsure 0 United incurred payroll tax expense on Wilson for FICA tax. The company also paid state unemployment tax and federal unemployment tax. (Click the icon to view payroll tax rate information.) More Info - . net nts to For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee OASDI: 6.2% on first $118,500 earned: Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000. Employer 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. ound Print Done en continue to the next question ? Requirement 1. Compute Wilson's gross pay, payroll deductions, and net pay for the full year 2018. Round all amounts to the nearest dollar. Begin by computing Wilson's gross pay for the year. (Round all amounts to the nearest dollar.) Gross pay Gross Pay Now compute Wilson's payroll deductions and net pay for the year. (Round all amounts to the nearest dollar) Choose from any list or enter any number in the input fields and then continue to the next question Now compute Wilson's payroll deductions and net pay for the year. (Round all amounts to the nearest dollar.) Net pay Withholding deductions: Choose from any list or enter any number in the input fields and then continue to the next question Requirement 2. Compute United's total 2018 payroll tax expense for Wilson (Round all amounts to the nearest dollar.) Employer Payroll Taxes: Total Employer Payroll Tax Choose from any list or enter any number in the input fields and then continue to the next question Requirement 3. Make the journal entry to record United's expense for Wilson'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. (Record debits first, then credits. Exclude explanations from journal entries. Date Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question Requirement 4. Make the journal entry to record the accrual of United's payroll tax expense for Wilson's total earnings. (Record debits first, then credits. Exclude explanations from journal entries.) Date Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question Requirement 5. Make the journal entry for the payment of the payroll withholdings and taxes. (Record debits first, then credits. Exclude explanations from journal entries.) Date Accounts Debit Credit
