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**Be sure to watch the Net Pay Calculation Video before completing this assignment 1. Shannon is single and works for ABC Company. She earns

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**Be sure to watch the Net Pay Calculation Video before completing this assignment 1. Shannon is single and works for ABC Company. She earns $48,000 per year and is paid semi- monthly. She contributes 6% of her salary into her Traditional 401K. a) Fill in the table below and calculate her net pay. I have provided the federal and state income tax amounts for you so there is no need to look them up in the tax tables. Each box marked with an 'x' is one that you need to calculate and enter an amount. Gross Pay per paycheck X Deductions: FICA Social Security X FICA Medicare X Federal Income Tax 155.00 State Income Tax - WI 99.30 401K Other Total Deductions X 0.00 X Net Pay per paycheck X

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