Gabrielle Osmon's regular hourly wage rate is $14, and she receives a wage of 112 times the
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Instructions
(a) Compute the following amounts for Gabrielle's wages for the current week.
(1) Gross earnings.
(2) FICA taxes. (Assume a 7.65% rate on maximum of $106,800.)
(3) Federal income taxes withheld. (Use the withholding table in Illustration)
(4) State income taxes withheld. (Assume a 2.0% rate.)
(5) Net pay.
(b) Record Gabrielle's pay, assuming she is an office computeroperator.
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Related Book For
Financial and managerial accounting
ISBN: 978-1118016114
1st edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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