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Nancy Garza's regular hourly wage rate is $15.00, and she receives a wage of 172 times the regular hourly rate for work in excess of
Nancy Garza's regular hourly wage rate is $15.00, and she receives a wage of 172 times the regular hourly rate for work in excess of 40 hours. During a March weekly pay period, Nancy worked 44 hours. Her gross earnings prior to the current week were $5,800. Nancy is married and claims three withholding allowances. Her only voluntary deduction is for group hospitalization insurance at $30 per week. 10 MARRIED Persons WEEKLY Payroll Period (For Wages Paid through December 2017) If the wages are - And the number of withholding allowances claimed is But less At least 0 1 2 3 4 5 6 7 8 9 than The amount of income tax to be withheld is 500 34 27 19 11 4 0 0 0 0 0 510 520 35 28 20 12 0 0 0 0 0 520 530 37 29 21 13 6 0 0 0 0 0 530 540 38 30 14 7 0 0 0 0 0 540 550 40 31 15 8 0 0 0 0 0 510 0 0 0 0 0 41 550 32 9 0 24 25 0 0 43 33 16 17 18 10 560 570 0 560 570 580 590 600 44 34 1 2 3 4 5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 11 12 13 46 35 19 580 590 0 27 28 47 36 20 0 0 49 29 0 600 610 21 22 50 38 39 41 610 620 630 640 650 6 7 8 9 620 52 14 15 16 17 18 23 0 0 0 31 32 0 0 1 2 3 0 0 0 0 0 0 0 0 53 0 630 640 42 44 24 25 55 10 0 56 45 34 26 4 0 650 660 0 0 0 0 58 47 27 0 660 670 680 690 19 20 21 22 11 12 13 14 59 48 670 680 28 29 5 6 7 8 37 38 40 61 50 0 0 0 0 0 0 0 0 700 62 51 690 30 23 15 0 Compute the following amounts for Nancy's wages for the current week. (Round FICA taxes, State income taxes and Net pay answers to 2 decimal places, e.g. 52.55.) (1) Gross earnings. $ (2) FICA taxes. (Assume a 7.65% rate on maximum of $127,200.) $ (3) Federal income taxes withheld. $ (4) State income taxes withheld. (Assume a 2.0% rate.) $ (5) Net pay. $
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