Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Is the OT earnings deducted before or after pre taxes? 10 Janna Is a salaried nonexempt employee In Laramie, Wyoming, who earns $31,000 per year

Is the OT earnings deducted before or after pre taxes?

image text in transcribed
10 Janna Is a salaried nonexempt employee In Laramie, Wyoming, who earns $31,000 per year for a standard 40- hour workweek and is paid biweekly. She is single with one withholding allowance. During the last pay period, she worked 5 hours of overtime. She contributes 2% of her gross pay to her 401(k) on a pre-tax basis and has a garnishment of 10% of her disposable Income for a consumer credit garnishment. What Is her net pay? (Use the 2.5 wage-bracket method. Do not round Intermediate calculations. Round your final answer to 2 decimal points places.) Skipped Wage Bracket Method Tables for Income Tax Withholding SINGLE Persons-BIWEEKLY Payroll Period (For Wages Paid through December 2019) And the wages are And the number of withholding allowances claimed is- At But O N 10 least less than The amount of income tax to be withheld is- least less than The amount of income tax to be withheld in- 10 809 829 $ 73 5 54 5 35 19 S m O 829 849 16 56 37 21 849 869 78 59 39 23 869 889 61 25 25 B89 909 83 63 27 points 909 929 85 66 17 29 929 949 88 68 19 Skipped 949 969 90 33 969 989 92 13 989 1, 009 95 75 56 37 1, 009 1, 029 97 39 1, 029 1, 045 100 80 61

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Income Tax Fundamentals 2013

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

31st Edition

1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516

Students also viewed these Accounting questions

Question

Is there any other possible conclusion?

Answered: 1 week ago