hw 11-5

Qs 11-12A Net pay and tax computeations LO P5 The payroll records of Speedy Software show the following information about Marsha Gottschalk, an employee, for the weekly pay period ending September 30, 2017. Gottschalk is single and claims one allowance. Compute her Social Security tax (6.2 %). Medicare tax (1.45%), federal income tax withholding, state income tax (1.0 %), and net pay for the current pay period. (Use the withholding table in Exhlblt 11A.6) (Round your final answers to 2 declmal places.) Total (gross) earnings for current pay period Cumulative earnings of previous pay periods 640 $8,320 Gross pay Social security tax deduction Medicare tax deduction Federal income tax deduction State income tax deduction Total deductions Net pay