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Critical Thinking 5-2 (Algo) ped Your boss approaches you in mid-December and requests that you pay certain employees their gross pay amount as if there
Critical Thinking 5-2 (Algo) ped Your boss approaches you in mid-December and requests that you pay certain employees their gross pay amount as if there were no deductions as their year-end bonuses. None of the employees have reached the Social Security wage base for the year Required: What is the gross up amount for each of the following employees? (The tax rate on bonuses is 22 percent and no state taxes Social Security (6.2%) and Medicare taxes (145%) must be added to this rate.) (Round your intermediate calculations and final answers to 2 decimal places.) ce Grossed up Amount Employee Yves Saint John Kim Johnson Michael Hale $ $ $ Regular Gross Pay per Period 1.200 2.160 1.975
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