Calculate Net Pay

Harrow Consulting Firm is a company located in Miami, FL. They have the following four employees: Jada T. (she/her), Lauren F (they/their), William, M. (he/him) and Monica (she /her). Harrow pays their employees on a weekly basis. All employees submitted a Form W-4 for 2020 or later. Employees are paid time-and-a-half for work in excess of 40 hours per week. Florida does not collect state income tax. Employee payroll data is as follows: - Jada received a salary of $2000 during the week of June 24 through June 30 - Lauren worked 40 hours during the week of June 24 through June 30 . Their rate of pay is $19 per hour. - William worked 42 hours during the week of June 24 through June 30. His rate of pay is $17 per hour. - Monica worked 40 hours during the week of June 24 through June 30 . Their rate of pay is $16 per hour. Their wages are subject to the following deductions: 1. Federal income tax (FIT) 2. Social Security tax (FICA-OASDI) 3. Medicare tax (also know as FICA Health Insurance) 4. State Income tax (SIT), if applicable 5. Individual Health Insurance Contribution, $100 for salary employees and $50 for hourly employees 6. In addition, the following are deducted from the specified employee - Jada makes a charitable contribution of $20 per pay check - Jada and William have $50 deducted from their pay for 401K. - Federal income Tax is taxable at a rate of 15% for salary employees and 10% for hourly employees. - The Social Security tax rate is 6.2 percent. Taxable earnings for Social Security are based on the first $142,800 (in 2021 ). - The Medicare tax rate is 1.45 percent. Taxable earnings for Medicare are based on all earnings. Round your answers to the nearest hundredth, using 2 decimals and cents. For example, enter $100 would be entered as 100.00 . Do not use the $ sign