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Exercise 11-09 a-b (Part Level Submission) Merrit Garza's regular hourly wage rate is $11.50, and she receives a wage of 172 times the regular hourly
Exercise 11-09 a-b (Part Level Submission) Merrit Garza's regular hourly wage rate is $11.50, and she receives a wage of 172 times the regular hourly rate for work in excess of 40 hours. During a March weekly pay period, Merrit worked 46 hours. Her gross earnings prior to the current week were $6,500. Merrit is married and claims three withholding allowances. Her only voluntary deduction is for group hospitalization insurance at $25 per week. MARRIED Persons WEEKLY Payroll Period (For Wages Paid through December 2017) If the wages are And the number of withholding allowances claimed is 1 19 18 17 16 15 14 13 12 11 | Butless_ At least than The amount of income tax to be withheld is - 500 510 520 510 520 530 540 550 560 50 580 590 600 580 590 re Tege ; 600 610 620 630 640 650 660 670 680 690 660 670 680 690 700 (b) Record Merrit's pay. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 2 decimal places, e.g. 52.75.) Account Titles and Explanation Debit Credit By accessing this question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor Attempts: 0 of 1 used SUBMIT ANSWER (a) ZYour answer has been saved and sent for grading. See Gradebook for score details. Compute the following amounts for Merrit's wages for the current week. (Round FICA taxes, State income taxes and Net pay answers to 2 decimal places, e.g. 52.55.) | (1) Gross earnings. 563.50 (2) FICA taxes. (Assume a 7.65% rate on maximum of $127,200.) 43.11 (3) Federal income taxes withheld. 17 (4) State income taxes withheld. (Assume a 2.0% rate.) 11.27 # (5) Net pay. 467.12
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