lnstructions Illiana Custom Homes Weekly Payroll Report _Mm Net Pa Taxes $78300 20-33394: 1.035-42 20-23794: W 715-41 15-97294: ___ $23.30 42.79 $937.75 $155.50 $30.01 $752.2 19.73290 1m 0000-:- .1.298.13 222117-11? 1035.42 20.23790 12.90 27.25 -.108.74 22.71.578.09 18.52696 1. Use the following formulas to determine the gross pay, federal tax, state tax. and net pay for all employees: 1.1 Gross Pay = Rate * Hours 1.2 Fed. Tax 2 20% * (Gross Pay Dep. * 38.46) 1.3 State Tax = 3.2% * Gross Pay 1.4 Net Pay 2 Gross Pay (Fed. Tax + State Tax} 1.5 % Taxes 2 (Fed. Tax + State Tax} 7' Gross Pay 2. Calculate totals for hours. gross pay, federal tax. state tax, net pay. and % taxes paid