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JOD 2 ours would be 36 hours. You be a bookkeeper. Your regular working get paid $12.50 an hour and time and a half for anything over 36 hours (assume you worked 40 hours this week). You are single and claim 1 allowance. Use the chart (in Google classroom) to calculate federal withholding. Your state tax rate is 2% of taxable wages (allowance is $63.46). Social Security is 6.2% and Medicare is 1.45%. Insurance premiums per year are $1500, which the company will pay 60%. Dept 2 Employee Check # Gross Pay Net Pay Tax Deductions Medicare State Other Deductions Union Dues Others FIT SS Local Medical Gross Pay FIT SIT SS Med Insurance Which job would you take? Why you chose that one? Why didn't you choose the other? Percentage Method of Withholding - Single Person Each weekly allowance is 63.46 Weekly Taxable Wage The amount of income tax to withhold is: Over But not over $51.00 $195.00 $0.00 plus (10% of the excess over $51.00) 195.00 645.00 14.40 plus (15% of the excess over 195.00) 645.00 1,482.00 81.90 plus (25% of the excess over 645.00) JOD 2 ours would be 36 hours. You be a bookkeeper. Your regular working get paid $12.50 an hour and time and a half for anything over 36 hours (assume you worked 40 hours this week). You are single and claim 1 allowance. Use the chart (in Google classroom) to calculate federal withholding. Your state tax rate is 2% of taxable wages (allowance is $63.46). Social Security is 6.2% and Medicare is 1.45%. Insurance premiums per year are $1500, which the company will pay 60%. Dept 2 Employee Check # Gross Pay Net Pay Tax Deductions Medicare State Other Deductions Union Dues Others FIT SS Local Medical Gross Pay FIT SIT SS Med Insurance Which job would you take? Why you chose that one? Why didn't you choose the other? Percentage Method of Withholding - Single Person Each weekly allowance is 63.46 Weekly Taxable Wage The amount of income tax to withhold is: Over But not over $51.00 $195.00 $0.00 plus (10% of the excess over $51.00) 195.00 645.00 14.40 plus (15% of the excess over 195.00) 645.00 1,482.00 81.90 plus (25% of the excess over 645.00)