i Payroll Information X During 2018, she worked for the company all year at a $6,500 monthly salary. She also earned a year-end bonus equal to 20 percent of her salary. Jones's monthly income tax withholding for 2018 was $1,762.28. Also, she paid a one-time federal withholding tax of $4,095.11 on her bonus cheque. She paid $307.31 per month toward the CPP until the maximum of ($2,593.80) had been withheld. In addition, Jones's employer deducted $106.50 for El until the maximum (5858.22) had been withheld. Jones authorized the following deductions: 1.5 percent per month of her monthly pay to Metro's charitable donation fund and $68 per month for life insurance. Metro Mobility incurred CPP expense equal to the amount deducted from Jones's pay. El cost the company 1.4 times the amount deducted from Jones's pay. In addition, the company provided Jones with the following benefits: dental and drug insurance at a cost of $65 per month, and pension benefits to be paid to Jones upon retirement. The pension contribution is based on her income and was $5,350 in 2018. Print Done1. Compute Jones's gross pay, payroll deductions, and net pay for the full year 2018. 2. Compute Metro Mobility's total 2018 payroll cost for Jones 3. Prepare Metro Mobility's summary general journal entries at December 31(explanations are not required) to record its expense for the following: a. Jones's total earnings for the year, her payroll deductions, and her net pay. Debit Salary Expense and Executive Bonus Compensation as appropriate. Credit liability accounts for payroll deductions and Cash for net pay. b. Employer payroll expenses for Jones. Credit the appropriate liability accounts. c. Benefits provided to Jones. Credit Health Insurance Payable and Company Pension Payable. Requirement 1. Compute Jones's gross pay, payroll deductions, and net pay for the full year 2018. (Round all amounts to the nearest cent.) Total gross pay Less:Total deductions Net pay Requirement 2. Compute Metro Mobility's total 2018 payroll cost for Jones. (Round all amounts to the nearest cent.) Employer payroll expenses:Benefits: Total annual cost of employeeRequirement 3. Prepare Metro Capital's summary general journal entries at December 31 (explanations are not required) to record its expenses. a. Jones's total earnings for the year, her payroll deductions, and her net pay. Debit Salary Expense and Executive Bonus Expense as appropriate for salary and bonus. Credit liability accounts for the payroll deductions and Cash for net pay. (Record debits first, then credits. Exclude explanations from journal entries. Round all amounts to the nearest cent.) General Journal Date Accounts Debit Credit Dec. 31Dec. 31b. Employer payroll expenses for Jones. Credit the appropriate liability accounts. (Round all amounts to the nearest cent.) General Journal Date Accounts Debit Credit Dec. 31c. Benefits provided to Jones. Credit Health Insurance Payable and Company Pension Payable. (Round all amounts to the nearest cent.) General Journal Date Accounts Debit Credit Dec. 31