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he gross pay to each worker is solely calculated based on his regular pay and overtime pay. There is a $ 5 0 tax deduction
he gross pay to each
worker is solely calculated based on his regular pay and overtime pay. There is a $ tax
deduction per dependent. For example, if an employee has two dependents, then $ of
his gross pay is tax free. Use appropriate Excel functions to find the net payment to each
worker and the total net pay in this week. Hint: Use VLOOKUP to calculate the Federal
withholding tax according to the tax table data. FICA is calculated based on the employee's
gross pay. The net pay equals to the gross pay minus the federal withholding tax, and
FICA
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