Compute the net pay for Karen Wilson and Katie Smith by completing the payroll register below. Assume that they are paid biweekly, subject to federal income tax, and FICA taxes, state income tax of 1.6%, and have no other deductions from their pay. If they choose to participate in the qualified cafeteria plan, the deduction for the pay period is $100; otherwise, there is no deduction for the qualified cafeteria plan. Use the Wage Bracket Method Tables for Income Tax Withholding in Appendix C. (Round your intermediate calculations and final answers to 2 decimal places.) Name MS No. of Overtime Hours No. of Holiday Gross Commissions Hours Earning Cafeteria Plan Taxable Taxable Wages for Wages for Federal WH FICA Karen Wilson. no cafeteria plan Karen Wilson - cafeteria plan Katie Smith -no cafeteria plan Katie Smith.cafeteria plan Totals M M S S Hourly Rate No. of of WIM or Period Regular wage Hours 4 $ 2,000.00 4 $ 2,000.00 1 $ 2,000.00 1 $ 2,000.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 Name Gross Earning Taxable Taxable Wages for Wages for Federal WH FICA Federal WIH Social Medicare Security Tex WIH State Tax Net Pay Check No. Karen Wilson. no cafeteria plan Karen Wilson - cafeteria plan Katie Smith -no cafeteria plan Katie Smith.cafeteria plan Totals $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 Compute the net pay for Karen Wilson and Katie Smith by completing the payroll register below. Assume that they are paid biweekly, subject to federal income tax, and FICA taxes, state income tax of 1.6%, and have no other deductions from their pay. If they choose to participate in the qualified cafeteria plan, the deduction for the pay period is $100; otherwise, there is no deduction for the qualified cafeteria plan. Use the Wage Bracket Method Tables for Income Tax Withholding in Appendix C. (Round your intermediate calculations and final answers to 2 decimal places.) Name MS No. of Overtime Hours No. of Holiday Gross Commissions Hours Earning Cafeteria Plan Taxable Taxable Wages for Wages for Federal WH FICA Karen Wilson. no cafeteria plan Karen Wilson - cafeteria plan Katie Smith -no cafeteria plan Katie Smith.cafeteria plan Totals M M S S Hourly Rate No. of of WIM or Period Regular wage Hours 4 $ 2,000.00 4 $ 2,000.00 1 $ 2,000.00 1 $ 2,000.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 Name Gross Earning Taxable Taxable Wages for Wages for Federal WH FICA Federal WIH Social Medicare Security Tex WIH State Tax Net Pay Check No. Karen Wilson. no cafeteria plan Karen Wilson - cafeteria plan Katie Smith -no cafeteria plan Katie Smith.cafeteria plan Totals $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00
