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Mattola Company is giving each of its employees a holiday bonus of $725 on December 13, 20-- (a nonpayday). The company wants each employee's check

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Mattola Company is giving each of its employees a holiday bonus of $725 on December 13, 20-- (a nonpayday). The company wants each employee's check to be $725. The supplemental tax percent is used. Nobody has capped for OASDI prior to the bonus check. As we go to press, the federal income tax rates for 2021 are being determined by budget talks in Washington and not available for publication. For this edition, the 2020 federal income tax tables for Manual Systems with Forms W-4 from 2020 or later with Standard Withholding and 2020 FICA rates have been used. a. What will be the gross amount of each bonus if each employee pays a state income tax of 2.8% (besides the other payroll taxes)? You may need to add one penny to the gross so that net bonus exactly equals $725. Round your calculations and final answers to the nearest cent. 901.62 x

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