Question
Jhansy Garza's regular hourly wage rate is $15.00, and she receives a wage of 1 times the regular hourly rate for work in excess of
Jhansy Garza's regular hourly wage rate is $15.00, 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, Jhansy worked 43 hours. Her gross earnings prior to the current week were $6,500. Jhansy is married and claims three withholding allowances. Her only voluntary deduction is for group hospitalization insurance at $40 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 | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
At least | But less than | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
The amount of income tax to be withheld is | ||||||||||||
500 | 510 | 34 | 27 | 19 | 11 | 4 | 0 | 0 | 0 | 0 | 0 | 0 |
510 | 520 | 35 | 28 | 20 | 12 | 5 | 0 | 0 | 0 | 0 | 0 | 0 |
520 | 530 | 37 | 29 | 21 | 13 | 6 | 0 | 0 | 0 | 0 | 0 | 0 |
530 | 540 | 38 | 30 | 22 | 14 | 7 | 0 | 0 | 0 | 0 | 0 | 0 |
540 | 550 | 40 | 31 | 23 | 15 | 8 | 0 | 0 | 0 | 0 | 0 | 0 |
550 | 560 | 41 | 32 | 24 | 16 | 9 | 1 | 0 | 0 | 0 | 0 | 0 |
560 | 570 | 43 | 33 | 25 | 17 | 10 | 2 | 0 | 0 | 0 | 0 | 0 |
570 | 580 | 44 | 34 | 26 | 18 | 11 | 3 | 0 | 0 | 0 | 0 | 0 |
580 | 590 | 46 | 35 | 27 | 19 | 12 | 4 | 0 | 0 | 0 | 0 | 0 |
590 | 600 | 47 | 36 | 28 | 20 | 13 | 5 | 0 | 0 | 0 | 0 | 0 |
600 | 610 | 49 | 38 | 29 | 21 | 14 | 6 | 0 | 0 | 0 | 0 | 0 |
610 | 620 | 50 | 39 | 30 | 22 | 15 | 7 | 0 | 0 | 0 | 0 | 0 |
620 | 630 | 52 | 41 | 31 | 23 | 16 | 8 | 1 | 0 | 0 | 0 | 0 |
630 | 640 | 53 | 42 | 32 | 24 | 17 | 9 | 2 | 0 | 0 | 0 | 0 |
640 | 650 | 55 | 44 | 33 | 25 | 18 | 10 | 3 | 0 | 0 | 0 | 0 |
650 | 660 | 56 | 45 | 34 | 26 | 19 | 11 | 4 | 0 | 0 | 0 | 0 |
660 | 670 | 58 | 47 | 35 | 27 | 20 | 12 | 5 | 0 | 0 | 0 | 0 |
670 | 680 | 59 | 48 | 37 | 28 | 21 | 13 | 6 | 0 | 0 | 0 | 0 |
680 | 690 | 61 | 50 | 38 | 29 | 22 | 14 | 7 | 0 | 0 | 0 | 0 |
690 | 700 | 62 | 51 | 40 | 30 | 23 | 15 | 8 | 0 | 0 | 0 | 0 |
a. Compute the following amounts for Jhansys 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. |
b. Record Jhansys 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.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started