Check my work The San Bernardino County Fair hires about 95 people during fair time. Their wages range from $5.30 to $7.30. California has a state income tax of 9% Sandy Denny earns $7.30 per hour, George Barney earns $5.30 per hour. They both worked 40 hours this week. Both are married, however, Sandy claims 2 exemptions and George claims 1 exemption. Assume a rate of 6.2% on $118,500 for Social Security and 1.45% for Medicare a. What is Sandy's net pay after FIT (use the Table 71 and Table 72), Social Security tax, state income tax, and Medicare have been taken out? (Round your answer to the nearest cent.) Sandy's net pay after FIT S 243.82 b. What is George's net pay after the same deductions? (Round your answer to the nearest cent.) George's net pay after FIT $ 177.02 c. How much more is Sandy's net pay versus George's net pay? (Round your answer to the nearest cent.) Difference in net pay $ 66.80 Payroll Period Weekly ..... Biweekly ...... Semimonthly .. Monthly ..... Quarterly Semiannually Annually... Daily or miscellaneous (each day of the payroll period) .... One Withholding Allowance $ 76.90 153.80 166.70 333.30 1,000.00 2,000.00 4,000.00 .. 15.40 Percentage Method Tables for Income Tax Withholding TABLE 1-WEEKLY Payroll Period () SINGLE person (including head of household) |(6) MARRIED person 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 $44.. ... Not over $165 ......... Over But not over of excess over Over But not over- of excess over $44 - $222.. $0.00 plus 10% $165 --$520 . $0.00 plus 10% -$165 -$784 . . $17.80 plus 15% -$222 $520 -$1,606 .. $35.50 plus 15% $520 $764 -$1,789 $99.10 plus 25% -$7641 $1,606 -$3,073. . $198.40 plus 25% -$1,808 $1,789 -$3,685 .. $355.35 plus 28% -$1,789 $3,073 -$4,597 .. $565.15 plus 28% -$3,073 $3,685 $7,958 $836.23 plus 33% -$3,685 $4,597 -$8,079 .. $991.87 plus 33% -$4,597 $7,958 -$7.990 $2296.32 plus 35% -37,958 $8.879 ---$9,105 $2,140.93 plus 35% $8,079 $7.990 $2.307.52 plus 39.6% $7.990 $9705 $2.500.03 plus 39.6% $9,105 TABLE 2-BIWEEKLY Payroll Period $0 $0 $44 22 The amount of income tax to withhold is $0 (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 withholding allowances) is: to withhold is: withholding allowances) is: Not over $88 SO Over But not over of excess over Over But not over $88 -$443 $0.00 plus 10% --$88 $331 -$1.040 $443 51,529 $35.50 plus 15% - $443 $1040 2 12 $1,529 ---$3,579 $198.40 plus 25% $3212 -$6.146 $3.579 37369 $710.90 plus 28% --33,579 $6.146 -99.194 $7.369 -$15.915 $1.772.10 plus 33% --37,369 $9,194 --$16,158 $15.915 $15,981 $4.592.28 plus 35% -$15.915 $16,158 $18.210 $15 981 $4 615 38 plus 39.6% -$15.9611 $18.210 TABLE 3-SEMIMONTHLY Payroll Period $0.00 plus 10% $70.90 plus 15% $396.70 plus 25% $1,130 20 plus 28% $1.983 64 plus 33% $4,281.76 plus 35% $4.999.96 plus 39.6% of excess over- $331 -$1,040 -$3,212 $6.146 $9,194 $16,158 -518.210 (a) SINGLE person (including head of household If the amount of wages (after subtracting The amount of income tax withholding alowance is to withholds Not over $96 Over But not over $96 $480 50.00 plus 100% f(b) MARRIED person If the amount of wages (after subtracting withholding allowances) Not Over $358 Over But not over 53585 127 The amount of income tax to withholds $0.00 plus 10% of excess over- -$358
