Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Exercise 11-9 Maria Garza's regular hourly wage rate is $11.00, and she receives a age of 112 times the regular hourly rate for work in

image text in transcribedimage text in transcribed

Exercise 11-9 Maria Garza's regular hourly wage rate is $11.00, and she receives a age of 112 times the regular hourly rate for work in excess of 40 hours. During a March weekly pay period, Maria worked 45 hours. Her gross earnings prior to the current week were $6,000. Maria is married and claims three withholding allowances. Her only voluntary deduction is for group hospitalization insurance at $30 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- But less 0 1 2 3 4 5 6 7 8 9 10 At least than The amount of income tax to be withheld is 500 510 34 27 19 11 4 0 0 0 0 0 0 510 520 28 12 520 530 37 21 13 530 540 14 540 550 31 15 560 560 570 41 24 16 43 33 17 10 570 580 18 5800 5900 35 19 12 590 600 47 28 20 13 600 610 49 21 14 610 620 620 630 640 39 22 15 52 41 31 23 16 0 0 0 0 53 42 24 17 640 650 25 18 10 650 660 45 26 19 11 660 670 58 47 35 27 12 670 680 680 690 59 37 28 21 13 61 29 14 690 7000 51 300 15 Compute the following amounts for Maria's wages for the current week. (Round FICA taxes, state income taxes and Net pay answers to 22 decimal places, e.g. 52.55.) (1) Gross earnings. (2) FICA taxes. (Assume a 7.65% rate on maximum of $117,000.) (3) Federal income taxes withheld. (4) State income taxes withheld. (Assume a 2.0% rate.) (5) Net pay

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

More Books

Students also viewed these Accounting questions