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Help Save Ext Sub Check my work Compute the net pay for Karen Wilson and Katie Smith. Assume that they are paid biweekly, subject to federal income tax (use the wage bracket method) and FICA taxes, and have no other deductions from their pay. They have a state tax rate of 3 percent. If they choose to participate in the cafeteria plan, the deduction for the pay period is $100 otherwise, there is no deduction for the cafeteria plan. The cafeteria plan qualifies under Section 125. You do not need to complete the number of hours. 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 No. of Overtime No. of Holiday Hours Commission Cross E ings Section 125 Karen Wilson - no cafeteris plan Karen Wilson - cafeteria plan Katie Smith -no cafeteria plan Katie Smith - cafeteria plen Hourly Rate No. of W WH or Period Regular wape Hours 4 $ 2.000.00 4 $ 2.000.00 $ 2.000.00 $ 2,000.00 Social Secury Medicare WH State W ory Tacable Table Gross Earnings Wages for Wages for Federal WH FICA Federal WH Name Karen Wilson - no cafeteria plan Karen Wilson - cafeteria plan Katie Smith -no cafeteria plan Katie Smith - cafeterie plan 49 AM E lect.htm Help Save and Compute the net pay for Karen Wilson and Katie Smith. Assume that they are paid biweekly, subject to federal income tax fuse the wage-bracket method) and FICA taxes, and have no other deductions from their pay. They have a state tax rate of 3 percent. I they choose to participate in the cafeteria plan, the deduction for the pay period is $100 otherwise, there is no deduction for the cafeteria plan. The cafeteria plan qualifies under Section 125. You do not need to complete the number of hours. Use the Wage Bracket Method Tables for Income Tax Withholding in Appendix C. (Round your intermediate calculations and final answers to 2 decimal places) Ched Name MS No. of Overtime No. of Holiday Hours Commissions Gro s Secret Karen Wilson - no cafeteria plan Karen Wilson - cafeteria plan Katie Smith -no cafeteria plan Katie Smith - cafeteria plan Hourly Rate = WH or Period wage $ 2.000.00 $ 2.000.00 $ 2.000.00 1 $ 2.000.00 Name Taxable cable Gross Earnings Wages for Wages for Federal WH FICA Federal WH Security Medicare WH State W ater Karen Wilson - no cafeteria plan Karen Wilson - cafeteria plan Katie Smith -no cafeteria plan Katie Smith - cafeteria plan Help Save Ext Sub Check my work Compute the net pay for Karen Wilson and Katie Smith. Assume that they are paid biweekly, subject to federal income tax (use the wage bracket method) and FICA taxes, and have no other deductions from their pay. They have a state tax rate of 3 percent. If they choose to participate in the cafeteria plan, the deduction for the pay period is $100 otherwise, there is no deduction for the cafeteria plan. The cafeteria plan qualifies under Section 125. You do not need to complete the number of hours. 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 No. of Overtime No. of Holiday Hours Commission Cross E ings Section 125 Karen Wilson - no cafeteris plan Karen Wilson - cafeteria plan Katie Smith -no cafeteria plan Katie Smith - cafeteria plen Hourly Rate No. of W WH or Period Regular wape Hours 4 $ 2.000.00 4 $ 2.000.00 $ 2.000.00 $ 2,000.00 Social Secury Medicare WH State W ory Tacable Table Gross Earnings Wages for Wages for Federal WH FICA Federal WH Name Karen Wilson - no cafeteria plan Karen Wilson - cafeteria plan Katie Smith -no cafeteria plan Katie Smith - cafeterie plan 49 AM E lect.htm Help Save and Compute the net pay for Karen Wilson and Katie Smith. Assume that they are paid biweekly, subject to federal income tax fuse the wage-bracket method) and FICA taxes, and have no other deductions from their pay. They have a state tax rate of 3 percent. I they choose to participate in the cafeteria plan, the deduction for the pay period is $100 otherwise, there is no deduction for the cafeteria plan. The cafeteria plan qualifies under Section 125. You do not need to complete the number of hours. Use the Wage Bracket Method Tables for Income Tax Withholding in Appendix C. (Round your intermediate calculations and final answers to 2 decimal places) Ched Name MS No. of Overtime No. of Holiday Hours Commissions Gro s Secret Karen Wilson - no cafeteria plan Karen Wilson - cafeteria plan Katie Smith -no cafeteria plan Katie Smith - cafeteria plan Hourly Rate = WH or Period wage $ 2.000.00 $ 2.000.00 $ 2.000.00 1 $ 2.000.00 Name Taxable cable Gross Earnings Wages for Wages for Federal WH FICA Federal WH Security Medicare WH State W ater Karen Wilson - no cafeteria plan Karen Wilson - cafeteria plan Katie Smith -no cafeteria plan Katie Smith - cafeteria plan
