Olivia Watson works for ADL all year and earns a monthly salary of $12,700. There is no overtime pay. Olivia's income tax withholding rate is 10% of gross pay. In addition to payroll taxes, Olivia elects to contribute 1% monthly to United Way. ADL also deducts $275 monthly for co-payment of the health insurance premium. As of September 30, Olivia had $114,300 of cumulative earnings. Click the icon to view payroll tax rate information.) Read the requirements - x Requirement 1. Compute Olivia's net pay for October. (Pound all amount to the nearest.cont Gross pay More Info Withholding deductions: Employee income tax Employee OASDI tax For all payroll calculations, use the following tax rates and round amounts to the nearest cent Employee Medicare tax Employee OASDI: 6.2% on first $118,500 earned; Medicare: 1.45% up to Employee health insurance $200,000, 2.35% on earnings above $200,000 Employee contribution to United Way Employer: OASDI: 6.2% on first $118,500 earned; Medicare: 1.45% on all earnings; FUTA: 0.6% on first $7,000 earned; SUTA: 5.4% on first Total withholdings $7,000 earned. Net (take-home) pay Print Done S11-7 (similar to) Question Help Olivia Watson works for ADL all year and earns a monthly salary of $12,700. There is no overtime pay. Olivia's income tax withholding rate is 10% of gross pay. In addition to payroll taxes, Olivia elects to contribute 1% monthly to United Way. ADL also deducts $275 monthly for co-payment of the health insurance premium. As of September 30, Olivia had $114,300 of cumulative earnings Click the icon to view payroll tax rate information.) Read the requirements Requirement 1. Compute Olivia's net pay for October. (Round all amounts to the nearest cent.) Gross pay $ 12,700.00 $ 1,270.00 787 Withholding deductions: Employee income tax Employee OASDI tax Employee Medicare tax Employee health insurance Employee contribution to United Way 185 100 254 Total withholdings 2595 10105 Net (take-home) pay