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Business, 03.07.2020 18:01 ciaotaylor

Logan White is general manager of valuepoint Salons, during 2018, white worked for th Walsh's federal income tax withheld during 2018 was $1,360 per month, plus $4,826 for the year on l sala year at a S 13,600 monthly salary. He also earned a year-end bonus equal to 15% of henna bonus. State income tax withheld came to $150 per was withheld on the annual earnings (salary and bonus). Walsh authorized the following deductions: Charity Fund contribution of 1% of total earnings and life insurance of$40 per month. month, plus $60 for the year on his bonus. FICA tax Valuepoint Salons incurred payroll tax expense on White for FICA tax. The company also paid state unemployment tax and federal unemployment tax. the year 2018. 1. Compute White's gross pay, payroll deductions, and net pay the nearest dollar.
2. Make the journal entry to record Valuepoint's expense for White's earnings for the year, his deductions, and his net pay.

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Logan White is general manager of valuepoint Salons, during 2018, white worked for th Walsh's federa...
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