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Compute the net pay for each employee using the federal income tax withholding table included. Assume that FICA OASDI tax is 6.2% on a wage
Compute the net pay for each employee using the federal income tax withholding table included. Assume that FICA OASDI tax is 6.2% on a wage base limit of $127,200, Medicare is 1.45% on all earnings, the payroll is paid biweekly, and no state income tax applies. (Round each computation to the nearest cent as needed.) (Click the icon to view the employee information.) (Click the icon to view the Single Persons-Biweekly Payroll Period federal income tax withholding table.) Compute the net pay for each employee. Gross earnings for the current pay period Deductions for employee withholding taxes Federal income tax OASDI tax Medicare tax Total deductions Net pay www Li Kan James Paine EN M om Data table ed at F Rou Employee Status Allowances Cumulative Pay Biweekly Pay p.) Li Kan Single 1 $63,300 $1,700 James Paine Single 0 $63,700 $1,660 Print Done And the wages are- SINGLE Persons-BIWEEKLY Payroll Period (For Wages Paid through December 31, 201X) And the number of withholding allowances claimed is 7 8 9 10 ooooo ooooo ooooo ooooo oo $0 goooo ooooo ooooo ooOOO OO oooooooooo ooooo ooooo oo At least But less 0 1 2 3 4 5 6 than The amount of income tax to be withheld is- $800 $820 $90 $67 $44 $25 820 840 93 30 47 27 $10 12 840 860 96 23 50 29 14 860 880 99 76 53 31 16 880 900 102 79 56 33 18 900 920 105 82 59 35 20 920 940 108 85 62 38 22 940 960 111 88 65 41 24 960 980 114 91 68 44 26 10 980 1,000 117 94 71 47 28 12 1,000 1,020 120 97 74 50 30 14 1,020 1,040 123 100 77 53 32 16 1,040 1,060 126 103 80 56 34 1,060 1,080 129 106 83 59 36 1,080 1,100 132 109 86 62 39 1,100 1,120 135 112 89 65 42 1,120 1,140 138 115 1,140 1,160 141 118 1,160 1,180 145 121 1.180 1,200 147 124 1,200 1,220 150 127 1,220 1,240 153 130 22536 92 68 45 95 71 48 98 74 51 101 77 54 104 80 57 107 83 60 34 36 0 ooooo ooooo ooooo oooo mu 1 200000 0000 0-mur 7 9 11 13 15 17 19. 21 20002 46 1228 382 38 5 0
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