Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Calculate payroll for employee that is single 2020 W-4 Sections 2&4 are blank with dependents that are 1 Calculate taxable wages for federal and state

Calculate payroll for employee that is single

2020 W-4 Sections 2&4 are blank with dependents that are 1

Calculate taxable wages for federal and state taxes, Social security, and medicare. State taxes are 5%

image text in transcribedimage text in transcribed

Net pay Taxable Taxable Wages for Wages for Federal FICA $4,167.77 $4,260.98 $6,787.61 $6,939.40 $7,757.01 $7.928.58 Federal Charitable Inome Tax Social Sec. Medicare State Income Contribution Total Payroll W/H Tax W/H Tax W/H TaxW/H W/H Deductions Check # $ 104.00 $264.18 $61.78) $208.39 $0.00 $1,131.56 $3,529.42N/A $403.00 $430.24 $ 100.62 $339.38 $0.00 $2,075.03 $5,514.37N/A $520.00 $491.57 $ 114.96 $387.85 $0.00 $2.335.96 $6,242.62 N/A YTD Gross YTD Net Pay Pay $3,529.42 $4,660.98 $9,043.78 $ 12,250.38 $ 15,286.41 $ 20,828.96 ### $19,128.96 $1,027.00 $1,185.99 $277.36 $935.62 $0.00 $5,542.55 $15,286.41N/A $15,286.41 $20,828.96 Pay Period Ended 1st Quarter 2020 2nd Quarter 2020 3rd Quarter 2020 Totalsfor First 3 Quartersof2020 10/4/2020 10/11/2020 10/18/2020 10/25/2021 11/1/2020 11/8/2020 11/15/2020 11/22/2020 11/29/2020 12/6/2020 12/13/2020 12/20/2020 12/27/2020 $533.10 $595.57 $633.06 $533.10 $558.09 $583.08 $658.05 $558.09 $620.56 $583.08 $533.10 $533.10 $583.08 $545.00 $608.75 $647.00 $545.00 $570.50 $596.00 $672.50 $570.50 $634.25 $596.00 $545.00 $545.00 $596.00 $0.00 $0.00 $5.00 $0.00 $0.00 $0.00 $8.00 $0.00 $3.000 $0.00 $0.00 $0.00 $0.00 $33.79 $37.74 $40.11 $33.791 $35.37 $36.95 $41.70 $35.37 $39.32 $36.95 $33.791 $33.791 $36.95 $7.901 $8.831 $9.38 $7.90 $8.27 $8.64 $9.75 $8.27 $9.20 $8.64 $7.90 $7.90 $8.64 $26.66 $29.781 $31.651 $26.66 $27.901 $29.15 $32.90 $27.90 $31.03 $29.15 $26.66 $26.66 $29.15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $130.25 $ 139.53 $ 150.09 $130.25 $133.96 $137.67 $ 156.80 $133.96 $146.24 $137.67 $130.25 $ 130.25 $137.67 $464.75 $519.22 $546.91 $464.75 $486.54 $508.33 $565.70 $486.54 $538.01 $508.33 $464.75 $464.75 $508.33 4715 4720 4725 4730 4735 47401 4745 4750 4754 4758 4762) 4766 4770 15,751.16 21,423.96 16,270.38 22,082.71 16,817.29 22,779.71 17,282.04 23,374.71 17.768.59 23.995.21 18.276.92 24,641.21 18,842.62 25,363.71 19,329.16 25,984.21 19,867.17 26,668.46 20,375.51 27,314.46 20,840.26 27,909.46 21,305.01 28,504.46 21,813.34 29.150.46 Totals for the 4th Quarter Totals for 2020 N/A $375.25 $1.310.87 $0.00 $1,794.56 $6,526.94N/A $0.00 $7,337.12 $21,813.34N/A N/A N/A IN/A FIT $7,505.06 $7,671.50 $ 16.00 $475.63 $111.24 ### $26,800.46 $1,043.00 $1,661.62 $388.60 SS MC $2,294.83 $2,345.75 $5.00 $145.44 $34.01 $2,977.87 $3,043.75 $11.00 $188.71 $44.13 $2,232.36 $2,282.00 $0.00 $141.48 $33.09 October November December ddress ity/State/Zip ocial Security Number Harried/Single xemptions/Dependents 1031 Burlington Street Woodstock, VT 05091 111-22-5555 Single 1

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Shariah Audit Framework A Case Study Of UAE Noor Takaful Operations

Authors: Abdussalam Ismail Onagun

1st Edition

3659644064, 978-3659644061

More Books

Students also viewed these Accounting questions

Question

Define the goals of persuasive speaking

Answered: 1 week ago