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eton Tours in Evanston, Wyoming, has six employees who are paid on a biweekly basis. Assume that all wages are subject to Social Security and

eton Tours in Evanston, Wyoming, has six employees who are paid on a biweekly basis. Assume that all wages are subject to Social Security and Medicare taxes. Required: Calculate the net pay from the information provided for the July 23 pay date. Use the wage-bracket tables in Appendix C to determine the federal income tax withholding. You do not need to complete the number of hours. No one has checked the box in Step 2, there is no additional information in Step 4. (Round your intermediate calculations and final answers to 2 decimal places.)

a.

A. Bowman

Married/Joint, Two dependents <17

Annual pay $37,360

401(k) deduction: 2 percent of gross pay per pay period

b.

J. Raz

Single, No dependents

Annual pay: $47,390

401(k) deduction: $220 per pay period

c.

G. Koskoris

Single, One dependent <17, One Other dependent

Annual pay: $56,160

Section 125 deduction: $25 per pay period

401(k) deduction: $150 per pay period

d.

S. Hays-Smith

Married/Joint, Three dependents <17

Annual pay: $41,860

United Way deduction: $25 per pay period

Garnishment: $75 per period

e.

H. Inhofe

Married/Joint, No dependents

Annual pay: $56,040

Section 125 deduction: $100 per period

401(k) deduction: 4 percent of gross pay

f.

D. Wong

Single, One Other dependent

Annual pay: $39,640

401(k) deduction: $120 per period

Name Filining Status Period Wage Gross Earnings 401 (k) Section 125 Taxable Wages for Federal or State W/H Taxable Wages for FICA Federal W/H Social Sercuity Tax Medicare W/H Tax United Way Garnishment Net Pay
Bowman
Raz
Hays-Smith
Inhofe
Wong

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