Lily Carter works for JDK all year and earns a monthly salary of $12,300. There is...
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Lily Carter works for JDK all year and earns a monthly salary of $12,300. There is no overtime pay. Lily's income tax withholding rate is 15% of gross pay. In addition to payroll taxes, Lily elects to contribute 4% monthly to United Way. JDK also deducts $200 monthly for co-payment of the health insurance premium. As of September 30, Lily had $125,100 of cumulative earnings. (Click the icon to view payroll tax rate information.) Read the requirements. Requirement 1. Compute Lily's net pay for October. (Round all amounts to the nearest cent.) Withholding deductions: Net (take-home) pay Lily Carter works for JDK all year and earns a monthly salary of $12,300. There is no overtime pay. Lily's income tax withholding rate is 15% of gross pay. In addition to payroll taxes, Lily elects to contribute 4% monthly to United Way. JDK also deducts $200 monthly for co-payment of the health insurance premium. As of September 30, Lily had $125,100 of cumulative earnings. (Click the icon to view payroll tax rate information.) Read the requirements. Requirement 1. Compute Lily's net pay for October. (Round all amounts to the nearest cent.) Withholding deductions: Net (take-home) pay
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