Question: could you please post it to where it doesnt cut off on the sides and shows the complete answer please Louis Welch is general manager

could you please post it to where it doesnt cut off on the sides and shows the complete answer please
could you please post it to where it doesnt cut off on
the sides and shows the complete answer please Louis Welch is general
manager of Valuepoint Salons. During 2024. Welch worked for the Valuepoint incurred
payroll tax expense on Welch for FICA tax. The company also paid
company all year at a $12.400 monthly salan. He also sarda.endosa statusameloumanitaand
federalismoment tax 15% of his annual salary Welch's federal tion) month, plus

Louis Welch is general manager of Valuepoint Salons. During 2024. Welch worked for the Valuepoint incurred payroll tax expense on Welch for FICA tax. The company also paid company all year at a $12.400 monthly salan. He also sarda.endosa statusameloumanitaand federalismoment tax 15% of his annual salary Welch's federal tion) month, plus $2.232 on his bonus check. S - X plus 5110 on the bonus FICA tax was with More info Following payroll deductions: Charity Fund Insurance of $30 per month For all payroll calculations, use the following tax rates and round amounts to the nearest cont Requirement 1. Compute Welch's grosse Employee: OASDI 62% on first $132.990 camed Medicare 145% up to Begin by computing Welch's gross pay for $200,000, 2.35% on earning above $200.000 Employer OASDI 6.2% on first $132.000 samed, Medicare: 145%. FUTA Gross pay 0.6% on first $7.000 earned, SUTA 54% on first $7.000 earned Gross Pay Print Done Now compute Welch's payroll deductions Louis Welch is general manager of Valuepoint Salons. During 2024 Welch worked for the company all year at a $12.400 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 $2.728 per month, plus $2.232 on his bonus check. State income tax withheld came to $160 per month plus $110 on the bonus. FICA tax was withheld on the annual camnings. Welch authorzed the following payroll deductions Charity Fund contribution of 4% of total earnings and life insurance of $30 per month Valuepoint incurred payroll tax expense on Welch 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. Compute Welch's gross pay, payroll deductions, and net pay for the full year 2024. Round all amounts to the nearest dolar Begin by computing Welch's gross pay for the year. (Round al amounts to the nearest dolar) Gross pay Gross Pay Now compute Welch's payroll deductions and net pay for the year. (Round all amounts to the nearest dollar) Net pay Louis Welch is general manager of Valuepoint Saitons. During 2024. Welch worked for the valuepoint incurred payroll tax expense on Welch for FICA box. The company also paid Gross Pay Now compute Weschis payroll deductions and net pay for the year (Round at amounts to the nearest dollar) Netpay Withholding deductions Net (take home pay Louis Wolch is general manager of Valuepoint Salons. During 2024, Welch worked for the valuepoint incurred payroll tax expense on Welch for FICA tax. The company also paid Requirement 2. Compute Valuepoint's total 2024 payroll tax expense for Welch (Round al amounts to the nearest doftar) Employer Payroll Taxes: Total Employer Payroll Tax Total Payroll Expense TI Requirement 3. Make the journal entry to record Valuepoint's expondo for Wolch's total camings for the year, his payrol deductions, and not 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 Louis Welch is general manager of Valuepoint Salons. During 2024, Welch worked for the Valuepoint incurred payroll tax expense on Welch for FICA tax. The company also paid Requirement 4. Make the journal entry to record the accrual of Valuepoint's payroll tax expense for Welch's total earings (Record debits first, then credits. Exclude explanations from joumal entries.) Date Accounts Debit Credit Requirement 5. Make the joumal entry for the payment of the payroll withholdings and taxes (Record debita first, then credits. Excludo explanations from ournal entries.) Date Accounts Debit Credit

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