October Company employs five salaried employees. Your task is

O L01 (30 MIN) 7B-2. October Company employs five salaried employees. Your task is to use the following information to calculate net pay for each employee: Allowance and Cumulative Earnings Biweekly Employee Marital Status before This Payroll Salary Department Bristow, Dylan S- 0 $45,000 $1,500 Customer Service Herman, Marc S-0 30,000 1,350 Office Sears, Alison S-1 54,700 1,050 Office Flaherty, Audrey S- 3 105,800 1,790 Customer Service Ackerman, Lionel S - 3 34,000 860 Customer Service Assume the following: Check Figure: 1. FICA OASDI is 6.2% on $106,800; FICA Medicare is 1.45% on all earnings. Total Net Pay $4,966.39 2. Each employee contributes $20 biweekly for medical insurance. 3. State income tax is 5% of gross pay. 4. FIT is calculated from Figure 7.2. T.01 MTN)