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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 the
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 and round your final answers to the nearest cent.) Answer is not complete. FICA Employee Marital status Allowances claimed Gross pay FIT S.S. Med. Net pay Pat Brown M . 4 $ 1,800 $ 111.60 $ 26.10 Payroll Period One Withholding Allowance Weekly Biweekly Semimonthly Monthly .... Quarterly Semiannually Annually... Daily or miscellaneous (each day of the payroll period) $ 79.80 159.60 172.90 345.80 1,037.50 2,075.00 4,150.00 16.00 3 Percentage Method Tables for Income Tax Withholding (For Wages Paid in 2018) TABLE 1-WEEKLY Payroll Period (a) SINGLE person (including head of household) (b) MARRIED person- If the amount of wages If the amount of wages (after subtracting The amount of income tax (after subtracting The amount of income tax withholding allowances) is: to withhold is: withholding allowances) is: to withhold is: Not over $71... SO Not over $222 SO Over- But not over- of oxcess over-Over- But not over of excess over- $71 $254 $0.00 plus 10% $71 $222 -$588 $0.00 plus 10% -$222 $254 $815 $18.30 plus 129 $264 $588 -$1,711 . $36.60 plus 12% -$588 $815 -$1,658 $85.62 plus 22% -$815 $1,711 $3,395 $171.36 plus 22% -$1,711 $1,658 $3,100 $271.08 plus 24% -$1.658 $3,395 -$6,280 S541.84 plus 24% 33,395 $3,100 -$3,917 $617.16 plus 32% -$3,100 $6,280 -$7,914 $1,234.24 plus 32% -S6,280 $3,917 -$9,687 $878.60 plus 35% -$3,917 $7,914 -$11,761 $1,757.12 plus 35% -$7,914 $9,687 $2.898.10 plus 37% 39.687 $11,761 $3, 103.57 plus 37% -$11,761
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