Maria Garzas regular hourly wage rate is $16, and she receives a wage of 1 times the
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Instructions
(a) Compute the following amounts for Maria’s wages for the current week.
(1) Gross earnings.
(2) FICA taxes. (Assume a 7.65% rate on maximum of $110,100.)
(3) Federal income taxes withheld. (Use the withholding table in the text, page 535.)
(4) State income taxes withheld. (Assume a 2.0% rate.)
(5) Net pay.
(b) Record Maria’s pay.
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Related Book For
Accounting Principles
ISBN: 9781118566671
11th Edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
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