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Karolin Garza's regular hourly wage rate is $14.00, and she receives a wage of 1 times the regular hourly rate for work in excess of
Karolin Garza's regular hourly wage rate is $14.00, 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, Karolin worked 45 hours. Her gross earnings prior to the current week were $5,500. Karolin is married and claims three withholding allowances. Her only voluntary deduction is for group hospitalization insurance at $35 per week.
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MARRIED Persons WEEKLY Payroll Period (For Wages Paid through December 2017) If the wages are- And the number of withholding allowances claimed is - At 0 1 2 3 4 5 5 011 6 7 8 9 But less than 10 least The amount of income tax to be withheld is 500 510 34 27 | 19 11 4 4 0 0 0 0 0 510 520 35 28 20 12 5 000 0 0 0 520 530 372921 13 6 0 0 0 0 530 540 38 30 22 14 7 0 0 0 0 0 0 540 550 403123 15 8 00 0 000 0 550 560 41 32 24 16 9 9 1 0 0 560 570 43 33 25 17 10 2 N 0 0 0 570 580 44 34 26 18 | 11 3 3 0 0 0 010 0 580 590 46 35 27 1912 4 st 0 0 0 0 0 590 600 47 | 36 28 2013 5 5 0 0 0 0 600 610 493829 21 14 6 0 0 610 620 503930 22 15 7 0 0 0 0 620 630 524131 2316 8 1 0 0 B 9 630 640 5342 32 24 17 9 2 0 0 0 0 640 650 55 44 33 25 1810 3 0 0 650 660 5645 34 26 19 11 4. 0 660 670 58 47 35 27 | 2012 5 0 0 0 0 670 680 5948 37 | 28 | 21 13 6 0 0 0 0 680 690 61 | 50 | 38 | 29 | 22 | 14 7 0 0 0 0 690 700 6251 40 30 23 15 8 0 0 0 0 Compute the following amounts for Karolin's 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. $ (2) FICA taxes. (Assume a 7.65% rate on maximum of $127,200.) $ (3) Federal income taxes withheld. $ (4) State income taxes withheld. (Assume a 2.0% rate.) $ (5) Net pay. $ e Textbook and Media List of Accounts Save for Later Attempts: 0 of 3 used SubmitStep by Step Solution
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