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Lori Hubert works for ADL all year and earns a monthly salary of $ 1 2 , 8 0 0 . There is no overtime

Lori Hubert works for ADL all year and earns a monthly salary of $
1
2
,
8
0
0
.
There is no overtime pay. Lori
'
s income tax withholding rate is
1
2
%
of gross pay. In addition to payroll
taxes, Lori elects to contribute
4
%
monthly to United Way. ADL also deducts $
1
0
0
monthly for
co
-
payment of the health insurance premium. As of September
3
0
,
Lori had $
1
2
8
,
0
0
0
of cumulative earnings.
For all payroll
calculations, use the following tax rates and round amounts to the nearest
cent:
Employee:
OASDI:
6
.
2
%
on first $
1
3
2
,
9
0
0
earned; Medicare:
1
.
4
5
%
up to $
2
0
0
,
0
0
0
,
2
.
3
5
%
on earnings above $
2
0
0
,
0
0
0
.
Employer:
OASDI:
6
.
2
%
on first $
1
3
2
,
9
0
0
earned; Medicare:
1
.
4
5
%
;
FUTA:
0
.
6
%
on first $
7
,
0
0
0
earned; SUTA:
5
.
4
%
on first $
7
,
0
0
0
earned.
Question content area bottom
Part
1
Requirement
1
.
Compute Lori
'
s net pay for October.
(
Round all amounts to the nearest
cent.
)

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