Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

5-3A (Aigo) The following employees of CIBA Ironworks in Bristol, Illinois, are paid in different frequencies. Some employees have union dues or garnishments deducted from

5-3A (Aigo) The following employees of CIBA Ironworks in Bristol, Illinois, are paid in different frequencies. Some employees have union dues or garnishments deducted from their pay. Required: Calculate their net pay using the percentage method in Appendix C (or the IRS federal income tax assistant or IRS Publication 15-T). Include Illinois income tax of 4.95 percent of taxable pay. No employee has exceeded the maximum FICA limits. You do not need to complete the number of hours. There is no information for Step 4 and all W-4s were received in 2020. No box was checked in Step 2. (Round your intermediate calculations and final answers to 2 decimal places.) Answer is complete but not entirely correct. Employee C. Whaley Frequency Weekdy Filing Status, Dependents Pay Union Dues per Period Garnishment per Period Net Pay MJ-0 $ 710 $ 50 $ 624 85 F. Paguaga Semi-monthly MJ-2 ( <17) $ 3,080 $ 120 $ 2,731.50 K. Harvey Monthly S-1 (Other) $ 7,800 S 240 S 75 $ 7,098.90 L Bolling Biweekly MJ-0 $ 2,780 $ 100 S 2,542.39

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Schaums Outline Of Theory And Problems Of Managerial Accounting

Authors: Jae K. Shim, Joel G. Siegel

0070573050, 978-0070573055

More Books

Students also viewed these Accounting questions