Question
LisaGarza's regular hourly wage rate is $16.00, and she receives a wage of 1 times the regular hourly rate for work in excess of40hours. During
LisaGarza's regular hourly wage rate is $16.00, and she receives a wage of 1 times the regular hourly rate for work in excess of40hours. During a March weekly pay period,Lisaworked42hours. Her gross earnings prior to the current week were $7,600.Lisais married and claims three withholding allowances. Her only voluntary deduction is for group hospitalization insurance at $25per week.
MARRIEDPersons WEEKLYPayroll Period
(For Wages Paid through December 2017)
If the wages are And the number of withholding allowances claimed is
At least But lessthan 0 1 2 3 4 5 6 7 8 9 10
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
Compute the following amounts forLisa's wages for the current week.(RoundFICA taxes, State income taxes and Net payanswers to 2 decimal places, e.g. 52.55.)
1) Gross earnings.
$
(2) FICA taxes. (Assume a7.65% rate on maximum of $127,200.)
$
enter a dollar amount rounded to 2 decimal places
(3) Federal income taxes withheld.
$
(4) State income taxes withheld. (Assume a 2.0% rate.)
$
enter a dollar amount rounded to 2 decimal places
(5) Net pay.
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