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nomework.cn 11 Homework Save Score: 0.65 of 8 pts 1 of 2 (2 complete) HW Score: 44.3%, 6.65 of 15 pts 11-26A (similar to) Question Help * Louls Welch is general manager of Worldwide Salons During 2016, Welch worked for the company all Worldide incurred payroll tax year at a S 11,800 monthly salary He also earned a year-end bonus equal to 20% expense on Welch for FICA tax. The company also paid state l income tax withheld during 2016 was $1.416 per month, plus $2 832 on his bonus of his annual salary unemployment tax and federal unemployment tax. check State income tax withheld came to $90 per month, pius $70 on the bonuFICt wbe on the annual earnings. Welch authorized the tollowing payroll deductions Charity Fund contribution of 4% of total earnings and life insurance of S30 per month (Click the icon to view payroll tax rate information ) Read the requirements. Requirement 1. Compute Welch's gross pay, payroil deductions, and net pay for the full year 2016 Round all amounts to the nearest dollar Begin by computing Welch's gross pay for the year (Round all amounts to the nearest dolar.) Gross pay Salary Bonus Gross Pay More Info 141,600 28 320 169,920 For all payroll calculations, use the following tax rates and round amounts to the nearest cent Employee: Employer OASDI 6.2% on nrst S 117.000 earned. Medicare 1 45% up to $200.000. 2.35% on earnings above S200.000 OASDI 6 2% on first S1 17,000 earned. Medicare 1.45% on all earnings. FUTA: 0.6% on first S7,000 earned SUTA 5.4% on trst $7,000 earned Now compute Welch's payroll deductions and net pay for the year (Round al amounts to the nearest dollar) Choose from any list or enter any number in the input fields and then cick Check Answer

Answer 1

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