BUSINESS DECISION: TAKE HOME PAY You are the payroll manager for the Canyon Ridge Resort. Mark Kelsch, the marketing director, earns a salary of $44,400 per year, payable monthly. He is Married and claims three withholding allowances. His social security number is 421-84-7692. In addition to federal income tax, social security, and Medicare, Mark pays 2.3% state income tax, % for state disability insurance (both based on gross earnings), $24.21 for term life insurance, $126.84 to the credit union, and $40 to the United Way. Social security tax is 6.2% of wages up to $117,000. Medicare tax is 1.45% of all wages. Fill out the following payroll voucher for Mark for the month of August. Do not enter extra spaces in your answers. Enter the social security number as written. Write dates using word-form for the month. (E.g., "July 1") If required, round your answers to the nearest cent. Use percentage method for computing Federal income taxes. Click here for Exhibit 9-1 and Exhibit 9-2 Canyon Ridge Resort Payroll Voucher Employee: Tax Filing Status Withholding SSN: Allowances: Full-time Pay Period From to Primary Additional Withholdings: Withholdings: Federal income tax $ Term Life $ Social security $ Credit Union $ Medicare $ United Way $ State income tax $ State disability $ Gross Earnings: $ - Total Withholdings: $ NET PAY $