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Drill Problem 9-18 (Static) [LU 9-2 (1)] Assume a tax rate of 6.2% on $142,800 for Social Security and 1.45% for Medicare. No one
Drill Problem 9-18 (Static) [LU 9-2 (1)] Assume a tax rate of 6.2% on $142,800 for Social Security and 1.45% for Medicare. No one will reach the maximum for FICA. Complete the following payroll register. (Use the percentage method to calculate FIT for this weekly period.) (Use Table 9.1). Note: Do not round intermediate calculations. Round your final answers to the nearest cent. FICA Employee Marital status Social Pat Brown S $ Gross pay 2,500 FIT Security Medicare Net pay
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