Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Enlightened Eats in Anchorage, Alaska, has six employees who are paid semimonthly. Calculate the net pay from the information provided below for the November 1

Enlightened Eats in Anchorage, Alaska, has six employees who are paid semimonthly. Calculate the net pay from the information
provided below for the November 15 pay date. Assume that all wages are subject to Social Security and Medicare taxes. All 401(k) and
Section 125 amounts are pre-tax deductions. Use the percentage method for manual payroll systems with Forms W-4 from 2020 or
later in Appendix C to compute federal income taxes. You do not need to complete the number of hours.
Note: Round your intermediate calculations and final answers to 2 decimal places.
Required:
a. W. Packer
Married or Joint, two dependents 17, Box 2 checked
Annual pay: $39,700
401(k) deduction: $125 per pay period
b. K. Ela
Married or Separate, two dependents 17, Box 2 checked
Annual pay: $53,040
401(k) deduction: $250 per pay period
c. G. Laureano
Single, no dependents, Box 2 not checked
Annual pay: $50,040
Section 125 deduction: $75 per pay period
401(k) deduction: $50 per pay period
d. T. Spraggins
Married or Joint, one dependent 17, Box 2 not checked
Annual pay: $44,160
United Way deduction: $50 per pay period
Garnishment: $50 per pay period
e. M. Christman
Single, two dependents 17, one other dependent, Box 2 checked
Annual pay: $63,000
Section 125 deduction: $50 per pay period
401(k) deduction: 8 percent of gross pay per pay period
f. J. Cherry
Married or Joint, one other dependent, Box 2 checked
Annual pay: $48,820
401(k) deduction: $75 per pay period
Answer all the blank information
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cengage Learnings Online General Ledger For Heintz/parrys College Accounting, 2, 2 Terms (12 Months)

Authors: James A. Heintz, Robert W. Parry

22nd Edition

1305669991, 9781305669994

More Books

Students also viewed these Accounting questions

Question

Dont off er e-mail communication if you arent going to respond.

Answered: 1 week ago