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Damerly Company (a Utah employer) wants to give a holiday bonus check of $475 to each employee. Since it wants the check amount to be

Damerly Company (a Utah employer) wants to give a holiday bonus check of $475 to each employee. Since it wants the check amount to be $475, it will need to gross-up the amount of the bonus. Calculate the withholding taxes and the gross amount of the bonus to be made to John Rolen if his cumulative earnings for the year are $46,910. Besides being subject to social security taxes and federal income tax (supplemental rate), a 4.95% Utah income tax must be withheld on supplemental payments. Enter deductions beginning with a minus sign (-). You may need to adjust by a penny (subtract or add) to the gross amount to get net pay to calculate exactly to $475.00. Round your calculations and final answers to the nearest cent. Gross bonus amount $fill in the blank 1

Federal income tax withheld fill in the blank 2

OASDI tax withheld fill in the blank 3

HI tax withheld fill in the blank 4

Utah income tax withheld fill in the blank 5

Take-home bonus check $fill in the blank 6

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