x prion, Len Wison is general manager of United Salons. During 2024. Wilson worked for the United incurred payroll tax expense on Wison for FICA tax. The company also paid state company at year ata $12 200 monthly salg. He also camada acendios un montanaodadecalumnian lax 10% of his annual salary Wison's federal month, plus $3.514 on his bonus check. St plus $60 on the bonus, FICA tax was with More info following payrol deductions Charity Fund insurance of $15 per month For all payroll calculations, use the folowing tax rates and round amounts to the nearest cent Requirement 1. Compute Wilson's gross Employee OASDL 62% onts $132.900 samedMedicare 145% up to Begaby computing Wilson's gross pay for $200,000 2 36% on earnings above $200.000 Employer CASI 62% on first $132.900 earned, Medicare. 1.45%, FUTA 0.6% on first $7.000 camed SUTA 54% on first $7.000 earned Gross Day Gross Pay Print Dono Now compute Wison's payroll deductions Net Len Wilson is general manager of United Salons. During 2024, Wilson worked for the company all year at a $12.200 monthly salary. He also earned a year-end bonus equal to 10% of his annual salary Wison's federal income tax withheld during 2024 was $2,684 per month, plus $3,514 on his bonus check State income tax withheld came to $110 per month plus 560 on the bonus FICA tax was withheld on the annual earnings, Wilson authorized the following payroll deductions: Chanty Fund contribution of 4% of total earnings and life insurance of 515 per month United incurred payroll tax expense on Wison for FICA fax. The company also paid state unemployment tax and federal unemployment tax Click the icon to view payroll tax rate information) Read the requirements Requirement 1. Computer Wilson's grous pay, payroll deductions, and not pay for the ful year 2024. Round al amounts to the nearest Golar Begin by computing Wilson's gross pay for the year. (Round at amount to the nearest dottare) Grosspay Gross Pay Requirement 1. Compute Wison's gross pay, payroll deductions, and net pay for the full year 2024. Round all amounts to the nearest dollar Begin by computing Wison's gross pay for the year. (Round al amounts to the nearest door) Gross Day Gross Pay Now compute Wison's payroll deductions and not pay for the year. (Round all amounts to the norost dolar) Net pay Withholding deduction Len Wilson is general manager of United Salons. During 2024. Wison worked for the United incurred payroll tax expense on Wison for FICA tax. The company also paid state Now compute Wilson's payroll deductions and not pay for the year. (Round all amounts to the nearest dolar) Net pay Withholding deductions II Not (take-home) pay Requirement 2. Compute United's total 2024 payroll tax expense for Wison (Round all amounts to the nearest do Employer Payroll Taxos: Total Employer Payroll Tax Total Payroll Expense Requirement 3. Make the oumal entry to record United's expense for Wilson's total earnings for the year, his payrof 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 the credits Exclude explanations from ournal entries) Date Accounts Debit Credit Requirement 4. Make the joumal entry to record the accrual of United's payroll tax expense for Wilson's total earnings (Record debits first, then credits. Exclude explanations from ournal entries Date Accounts Debit Credit 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
