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 uestion. 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. con Print Done ids and then continue to the next question. Lenny Worthington is general manager of Stoneybrook Salons. During 2018, Worthington worked for the company all year at a $11,800 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 $1,416 per month, plus $3,186 on his bonus check. State income tax withheld came to $130 per month, plus $30 on the bonus. FICA tax was withheld on the annual earings. Worthington authorized the following payroll deductions: Charity Fund contribution of 3% of total earnings and life insurance of $35 per month. Stoneybroo unemploym (Click to Read the re Requirement 1. Compute Worthington's gross pay, payroll deductions, and net pay for the full year 2018. Round all amour Begin by computing Worthington's gross pay for the year. (Round all amounts to the nearest dollar.) Gross pay: Gross Pay Now compute Worthington'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 contribution of 3% of total earnings and life insurance of $35 per month. Net (take-home) pay Requirement 2. Compute Stoneybrook's total 2018 payroll tax expense for Worthington. (Round all amounts to Employer Payroll Taxes: Total Employer Payroll Tax Total Payroll Expense Requirement 3. Make the journal entry to record Stoneybrook's expense for Worthington's total earnings for the Credit liability accounts for the navrOll deductions and Cash for net nav An explanation is not required. (Record d Choose from any list or enter any number in the input fields and then continue to the next question. TE Lenny Worthington is general manager of Stoneybrook Salons. During 2018, Worthington worked for the company all year at a 511 800 monthly salary. He also eamed a year-end bonus equal to 15% of his annual salary, Worthington's federal income tax withheld during 2018 was $1.416 per month, plus $3.186 on his bonus check. State income tax withheld come to $130 per month, plus $30 on the bonus. FICA tax wan withheld on the annualeaming, Worthington authorized the following payroll deduction : Charity Fund contribution of 3% of total earnings and life insurance of 535 per month Storybrook incurred payroll te perse on Worthington for FCA Theory employment tax and federalnemployment tax Click the icon to view payroll tax rate information) Read the routements Requirement 3. Make the journal entry to record Stonybrook's expense for Worthington's total canings for the yout, his payroll deductions, and not pay Debit Sala Expore and Borup Credit liability accounts for the payroll deductions and Cash for net pay. An explanation is not required. (Record debit first, then credits Exclude explains from ourant Account Debit Credit Requirement 4. Make the journal entry to record the oral of Storybrook's pyroll tax for Worthington total minge Record of the Euro Choose from any list of enter any number in the input fields and then continue to the next question 26 MacBook C. tax w to $130 per month, plus 30 on the bonus. FICA tax was withheld on the annual earings. Worthington authorized the following payroll deductions: Charity Fund Read the requireme contribution of 3% of total earnings and life insurance of $35 per month. Requirement 4. Make the joumal entry to record the accrual of Stoneybrook's payroll tax expense for Worthington's total earnings Date Accounts Debit Credit Requirement 5. Make the journal entry for the payment of the payroll withholdings and taxes (Record debits first, then credits. Ex Date Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question. 26 Lenny Worthington is general manager of Stoneybrook Salons. During 2018, Worthington worked for the Sloneybrook incurred pay company all year at a $11,800 monthly salary. He also earned a year-end bonus equal to 15% of his annual yapmployment tax and fede salary. Worthington's federal income tax withheld during 2018 was $1,416 per month, plus $3,188 on his (Click the icon to view bonus check. State income tax withheld came to $130 per month, plus $30 on the bonus. FICA tax was withheld on the annual eamings. Worthington authorized the following payroll deductions: Charity Fund Read the requirements contribution of 3% of total earnings and life insurance of $35 per month Requirement 5. Make the journal entry for the payment of the payroll withholdings and taxes. (Record debits first, then credits. Exclude Date Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question 26