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Assume a tax rate of 6.2% on $128,400 for Social Security and 1.45% for Medicare. No one will reach the maximum for FICA. Complete
Assume a tax rate of 6.2% on $128,400 for Social Security and 1.45% for Medicare. No one will reach the maximum for FICA. Complete the following payroll register. (Use the percentage method to calculate FIT for this weekly period.) (Use Table 9.1 and Table 9.2). (Do not round intermediate calculations. Round your final answers to the nearest cent.) FICA Employee Pat Brown Marital Allowances status claimed M Gross pay 4 $ 2,500 $ FIT 5.5. Med. Not pay 275.40 $ 223.20 $ 52.20 $ 3,324.60
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