7 Richard Gaziano is a manager for Health Care, Inc Health Care deducts Social Security Medicare, and FIT by percentage method) from his earnings. Assume a rate of 6.2% on $128,400 for Social Security and 145% for Medicare. Before this payroll, Richard is $1.000 below the maximum level for Social Security earnings. Richard is married, is paid weekly and claims 2 exemptions What is Richard's net pay for the week if he earns $1.250? (Use Table 9.1 and Table 9.2). (Round your answer to the nearest cent.) 1 po Answer is complete but not entirely correct. Net 1,047.94 Payroll Period Weekly Biweekly Semimonthly Monthly Quarterly Semiannually Annually Daily or miscellaneous (each day of the payroll period) One Withholding Allowance $ 79.80 159.60 172.90 345.80 1,037.50 2,075.00 4,150.00 16.00 -- . 200 6.00 -14 -27 Percentage Method Tables for Income Tax Wimholding (For Wages Paid In 2018) TABLE 3-WEEKLY Payo Perfed #SINGLES Indighede hotho MARRIED ON the tower Laurs Thai Thor withdrawn Med to who Net New Over But not ever Our Bure IM 550.000 0.010% -- 613.10 ph $15 -1.600 Bars 1711 80 571 05.000 -63.100 171.00 31000 3 8.500 51 0,100 -0.07 10.10 49102 -2014 5.31 ORT.14-12.157.2 99. 12.10 ONTSTOL 11 TABLE 2-IWEILY Payroll Panod SINGLE nuding headache MARRIED - (where amount Moto Theo The como wrong awd w No 142 OBUV ofessor of - 50.00 USD -10 H-0,175.000 SO -1. 3o.ro --500 31.17 2252336125 51.0 --501 5171 -1.601. - $3,315 - 5841 3.315 70-612.560 ST S6.200 - $12342212 3.200 13.00-15.25 32 5176742 1788 510,37 55 75 727 --51933 TABLE 2-WEEKLY Farol Panod (1) SINGLE pero nung head and MARRIED per afiliadny G. Theat ting oor Wild wong to 14 Pove Over BUENO ocessor Over Bote ol sie - SUN 1444 -1,177109 SU -1. 3. TUDUD 125 -5001 - 1212 5101 -35 S1 -1.6314 - SH -0.00 5. as-12 626 100 - 512542124 -$8.99 $12-12 374 -1933 51775 -7835 5146 110.17 15795 SIDER TABLES-BENIMONTHLY Payroll Pied (a) SINGLE person duding head houth MARRED pero tot The most come to wing webwid og sols Not Over $154 30 Now S41 Over Bulk - Over Button of SI AI R-399 SV --5023 Top AS 1975-53709195 SINO - SI -51707057.36 37 33.00 -17 $97.12 m2 - 5-519.00 $ 6:22. T. 8.88 -20.00 1.900 68.4 7.1.07. 02 MAT 3200401 73411 TABLE MONTHLY Paro Porto SINGLE ighwoh MARED the amount with Theo The word We w go Not otios 10 Over Bunker es Otto --01100 000 1993 -2.00 31.10 - 378.40 -11-37,41351570 90.535 -75 -$8.598 S-14 20 37.36-313,430 51.14 12 -7.139 1413-13 1234820 313,439 - 31.12641 -512450 22213 - 30.00 310 -16 S1814 H1 512.5256 -541 042/ - -177 3401 LS $150 outcome GER -2700 1. --- - - --550,00 2
