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Louis Welch is general manager of Stoneybrook Salons. During 2024, Welch worked for the company all year at a $12,200 monthly salary. He also earned a year-end bonus equal to 15% of his annual salary. Welch's federal income tax withheld during 2024 was $3,904 per month, plus $7,027 on his bonus check. State income tax withheld came to $80 per month, plus $60 on the bonus. FICA tax was withheld on the annual earnings. Welch authorized the following payroll deductions: Charity Fund contribution of 2% of total earnings and life insurance of $25 per month. Nen (ne Requirement 2. Compute Stoneybrook's total 2024 payroll tax expense for Welch (Round all amounts to the nearest dollar) Employer Payroll Taxes: Total Employer Payroll Tax Total Payroll Expense Choose from any list or enter any number in the input fields and then cli parts More Info For all payroll calculations, use the following tax rates and round amounts to the nearest cent Employee Employer Clear All OASDI: 6.2% on first $132,900 earned, Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000. - OASDI: 6.2% on first $132,900 earned, Medicare 1.45%, FUTA 0.6% on first $7,000 eamed, SUTA. 5.4% on first $7,000 earned Print Done Final Cheek X Louis Welch is general manager of Stoneybrook Salons. During 2024, Welch worked for the company all year at a $12,200 monthly salary. He also earned a year-end bonus equal to 15% of his annual salary. Welch's federal income tax withheld during 2024 was $3,904 per month, plus $7,027 on his bonus check. State income tax withheld came to $80 per month, plus $60 on the bonus. FICA tax was withheld on the annual earnings. Welch authorized the following payroll deductions: Charity Fund contribution of 2% of total earnings and life insurance of $25 per month. Nen (ne Requirement 2. Compute Stoneybrook's total 2024 payroll tax expense for Welch (Round all amounts to the nearest dollar) Employer Payroll Taxes: Total Employer Payroll Tax Total Payroll Expense Choose from any list or enter any number in the input fields and then cli parts More Info For all payroll calculations, use the following tax rates and round amounts to the nearest cent Employee Employer Clear All OASDI: 6.2% on first $132,900 earned, Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000. - OASDI: 6.2% on first $132,900 earned, Medicare 1.45%, FUTA 0.6% on first $7,000 eamed, SUTA. 5.4% on first $7,000 earned Print Done Final Cheek X