The following salaried employees of Mountain Stone Brewery in Fort Collins, Colorado, are paid semimonthly. Some employees have union dues or garnishments deducted from their pay. Calculate their net pay using the percentage method for manual payroll systems with Forms W-4 from 2020 or later in Appendix C to determine federal income tax. Assume box 2 is not checked for any employee. Include Colorado income tax of 4.40 percent of taxable pay. No employee has exceeded the maximum FICA limit.

You do not need to complete the number of hours.

Name Filing Status Dependents Hourly Rate or Period Wage No. of Regular Hours No. of Overtime Hours No. of Holiday Hours Commissions Gross Earnings 401(k)

Section 125 Taxable Wages for Federal /

State W/H Taxable Wages for FICA Name Gross Earnings Taxable Wages for Federal/

State W/H Taxable Wages for FICA Federal W/H Social Security Tax Medicare W/H Tax State W/H Tax Garnishments United Way Net Pay Employee Filing Status, Dependents Pay Union Dues per Period Garnishment per Period S. Bergstrom MJ-0 $1,700 $ 50 C. Pare MJ-2 (

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Taxable Wages Taxable for Wages Section Federal/ for Earnings 401(k) 125 State W/H FICA Hourly Rate or No. of No. of No. of Period Regular Overtime Holiday Commiss- Gross Filing Name Status Dependents Wage Hours Hours Hours ions Name Taxable Wages for Gross Federal/ State Taxable Social Wages Earnings W/H for FICA W/H Federal Security Tax Medicare State Union Garnish- W/H Tax W/H Tax Dues ment Net Pay