Exercise 11-09 a-b

Roselin Garza's regular hourly wage rate is $13.00, and she receives a wage of 1 times the regular hourly rate for work in excess of 40 hours. During a March weekly pay period, Roselin worked 42 hours. Her gross earnings prior to the current week were $5,700. Roselin is married and claims three withholding allowances. Her only voluntary deduction is for group hospitalization insurance at $30 per week.

Compute the following amounts for Roselins 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.		$enter a dollar amount
(2) FICA taxes. (Assume a 7.65% rate on maximum of $127,200.)		$enter a dollar amount rounded to 2 decimal places
(3) Federal income taxes withheld.		$enter a dollar amount
(4) State income taxes withheld. (Assume a 2.0% rate.)		$enter a dollar amount rounded to 2 decimal places
(5) Net pay.		$enter a dollar amount rounded to 2 decimal places

6. Record Roselins 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
enter an account title	enter a debit amount	enter a credit amount
enter an account title	enter a debit amount	enter a credit amount
enter an account title	enter a debit amount	enter a credit amount
enter an account title	enter a debit amount	enter a credit amount
enter an account title	enter a debit amount	enter a credit amount
enter an account title	enter a debit amount	enter a credit amount

If the wages are - But less At least than 9 10 500 (For Wages Paid through December 2017) And the number of withholding allowances claimed is 0 1 2 3 4 5 6 7 8 The amount of income tax to be withheld is 34 19 11 4 0 0 0 20 0 0 0 37 21 13 6 0 0 0 38 30 7 0 0 0 0 40 31 23 8 0 0 0 510 0 27 29 510 520 530 0 0 530 540 22 14 550 540 0 560 550 41 32 24 9 1 0 0 0 0 33 17 560 10 0 2 0 0 570 580 43 44 25 26 34 18 11 3 0 0 0 570 590 580 46 35 19 12 4 0 0 0 27 28 590 600 47 36 20 13 5 0 0 0 49 38 21 14 0 0 0 610 620 630 50 22 29 30 31 15 7 600 610 620 630 640 0 39 41 52 23 16 1 0 0 640 53 42 24 17 9 2 0 32 33 650 55 44 25 18 10 3 0 0 0 0 660 56 45 650 26 11 4 0 0 34 35 19 20 660 70 58 47 27 12 5 0 0 680 59 48 37 28 21 13 0 0 670 680 690 61 50 38 29 22 14 7 0 100 690 62 51 40 30 23 15 8 0 0 0