Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Lisa Garza's regular hourly wage rate is $30, and she receives a wage of 1 times the regular hourly rate for work in excess
Lisa Garza's regular hourly wage rate is $30, and she receives a wage of 1 times the regular hourly rate for work in excess of 41 hours. During a March weekly pay period, Lisa worked 45 hours. Her gross earnings prior to the current week were $6,000. Lisa is married and claims three withholding allowances. Her only voluntary deduction is for group hospitalization insurance at $31.00 per week. MARRIED Persons - WEEKLY Payroll Period (For Wages Paid through December 2022) If the wages are- At Joact But less And the number of withholding allowances claimed is - 0 1 2 3 4 LO 5 6 7 8 9 10 At least less than , 1 d C The amount of income tax to be withheld is - 1,316 1,327 124 114 105 95 85 1,327 1,338 125 116 1,338 1,349 127 117 107 1,349 1,360 128 118 108 99 106 96 97 1,360 1,371 129 119 110 100 112 86 75 66 88 78 68 59 114 104 94 77 67 57 1.404 1.415 134 125 115 105 96 56 46 37 29 u 85 75 65 86 76 - 89 79 70 60 50 41 32 90 81 71 61 52 42 1,371 1,382 130 121 111 101 92 82 72 63 53 43 34 103 93 83 74 64 54 45 35 1,382 1,393 132 122 1,393 1,404 133 123 67 48 38 30 49 39 31 33 56 46 36 57 47 38 1,404 1,415 134 125 115 105 96 86 76 67 57 47 1,415 1,426 136 126 116 107 97 1511 1 505 1,426 1,437 137 127 118 108 98 89 79 69 60 1,437 1,448 138 129 119 109 100 1,448 1,459 140 130 120 111 101 1,459 1,470 141 131 122 112 102 93 83 73 1,470 1,481 142 133 123 113 104 94 84 75 65 55 45 149 120 122 87 78 68 58 110 100 1,481 1,492 144 134 124 115 105 95 86 76 66 56 47 1,492 1,503 145 135 126 116 106 97 87 77 67 58 1,503 1,514 146 137 127 117 108 98 88 78 90 80 71 61 51 41 00 49 91 82 72 62 52 43 20 20 38 69 39 50 40 70 64 54 44 59 60 48 49 51 1,514 1,525 148 138 128 119 109 99 89 80 70 60 1,525 1,536 149 139 130 120 110 101 91 81 71 62 52 (a) Your answer is partially correct. Compute the following amounts for Lisa's wages for the current week. (Round all answers to 2 decimal places, e.g. 52.55.) (1) Gross earnings. 51 LA 1410 (2) FICA taxes. (Assume a 7.65% rate on maximum of $132,900.) $ (3) Federal income taxes withheld. (4) State income taxes withheld. (Assume a 3.0% rate.) LA (5) Net pay. LA $ tA $ $ LA 107.865 104.73 42.3 1155.1
Step by Step Solution
★★★★★
3.46 Rating (153 Votes )
There are 3 Steps involved in it
Step: 1
Nov112 1421 Answer is highlighted in yellow So...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