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Otis Long works for TLM all year and earns a monthly salary of $ 1 2 , 0 0 0 . There is no overtime

Otis Long works for TLM all year and earns a monthly salary of $12,000. There is no overtime pay. Longs income tax withholding rate is 15% of gross pay. In addition to payroll taxes, Long elects to contribute 5% monthly to a charity fund. TLM also deducts $150 monthly for co-payment of the health insurance premium. As of September 30, Long had $139,200 of cumulative earnings. Compute Longs net pay for October.

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