Question: Will rate if correct! :) Urgent, please help. 1. Compute Worthington's gross pay, payroll deductions, and net pay for the full year 2018. Round all



Will rate if correct! :) Urgent, please help.
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 National's total 2018 payroll tax expense for Worthington. 3. Make the journal entry to record National'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 National's payroll tax expense for Worthington's total earnings. 5. Make the journal entry for the payment of the payroll withholdings and taxes. For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee: OASDI: 6.2% on first $118,500 earned; Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000. Employer: 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 National incurred payroll tax expense on Worthington for FICA tax. The company also paid state unemployment tax and federal unemployment tax. (Click the icon to view payroll tax rate information.) Lenny Worthington is general manager of National Salons. During 2018, Worthington worked for the company all year at a $10,600 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 $848 per month, plus $3,816 on his bonus check. State income tax withheld came to $100 per month, plus $80 on the bonus. FICA tax was withheld on the annual earnings. Worthington authorized the following payroll deductions: Charity Fund contribution of 1% of total earnings and life insurance of $25 per month. Read the requirements. Requirement 1. Compute Worthington's gross pay, payroll deductions, and net pay for the full year 2018. Round all amounts to the nearest dollar Begin by computing Worthington's gross pay for the year. (Round all amounts to the nearest dollar.) Gross pay Gross Pay
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