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Logan White is general manager of Worldwide Salons. During $2024,$ White worked for the company all year at a $$12,400$ monthly salary. He also earned a year$-$end bonus equal to $5\%$ of his annual salary. White's federal income tax withheld during $2024$ was $$2,728$ per month, plus $$1,637$ on his bonus check. State income tax witheld came to $$160$ per month, plus $$80$ on the bonus. FICA tax was withheld on the annual earnings. White authorized the following payroll deductions: Charity Fund contribution of $3\%$ of total earnings and life insurance of $$50$ per month.

Worldwide incurred payroll tax expense on White for FICA tax. 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 White's gross pay, payroll deductions, and net pay for the full year $2024.$ Round all amounts to the nearest dollar.

Begin by computing White's gross pay for the year. $($Round all amounts to the nearest dollar.$)$

Gross pay:

$\backslash$table$[[,],[,],[$Gross Pay,$]]$

Now compute White's payroll deductions and net pay for the year. $($Round all amounts to the nearest dollar.$)$

Net pay:

Withholding deductions:

More info

For all payroll calculations, use the following tax rates and round amounts to the nearest cent:

Employee: OASDI: $6\mathrm{.}2\%$ on first $$132,900$ earned; Medicare: $1\mathrm{.}45\%$ up to $$200,000,2\mathrm{.}35\%$ on earnings above $$200,000.$

Employer:

OASDI: $6\mathrm{.}2\%$ on first $$132,900$ earned; Medicare: $1\mathrm{.}45\%$; FUTA:

$0\mathrm{.}6\%$ on first $$7,000$ earned; SUTA: $5\mathrm{.}4\%$ on first $$7,000$ earned.

Net $($take$-$home$)$ pay

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