All Employees are paid BIWEEKLY. NOTE: SALARIED EMPLOYEES ARE ELIGIBLE FOR OVERTIME FOR ALL HOURS WORKED OVER 40 IN A WEEK.

HOURLY PAID EMPLOYEES ARE PAID OVERTIME FOR ALL HOURS WORKED OVER 40 IN A WEEK.

Calculate FIT, SIT, SS & MEDICARE W/H, and NET Pay.

Annual Salary/ Federal State Prior YTD Wk 1 Wk 2 Regular Overtime Total Current Tax Withholdings

Name Hourly Wage W4 A4 Earnings Hours Hours Earnings Earings Earnings FIT SS MEDI SIT NET PAY

Mark Jackson $56,000.00 S, 2 3.6% $51,700.00 43 40

Jody Dalton $178,000.00 S, 0 4.2% $125,500.00 40 40

Valerie Rother $18.00/hour M, 4 1.3% $41,400.00 45 45

Colin Granderson $12.50/hour M, 6 0.8% $21,875.00 36 44

Branden Jordan $145,000.00 S, 3 2.7% $123,900.00 40 40

Larry Naidus $24.75/hour S, 1 4.2% $51,000.00 40 40

Angela Wright $65,000.00 S, 5 0.8% $60,000.00 40 40

Jennifer Gifford $210,000.00 M, 0 5.1% $194,000.00 40 40

Michelle Templeton $42,000.00 M, 3 1.3% $38,700.00 45 48

Jason Flowers $10.50/hour S, 4 2.7% $10,500.00 20 25

Lester Wolfley $15.00/hour S, 3 3.6% $30,000.00 32 50

Social Security Maximum $128,400.00

Social Security Rate 6.20%

Medicare Rate 1.45%

Instructions:

Calculate the FIT, SS, Medi, SIT, and Net pay for each employee.

Take note that some employees will be affected by the Social Security Maximum wage limit.

Use the 2018 tax tables located on Canvas to calculate FIT withholding.