Paige Wilson works for ADL all year and earns a monthly salary of $$12,400.$ There is no overtime pay. Paige's income tax withholding rate is $12\%$ of gross pay. In addition to payroll taxes, Paige

elects to contribute $3\%$ monthly to United Way. ADL also deducts $$100$ monthly for co$-$payment of the health insurance premium. As of September $30,$ Paige had $$124,000$ of cumulative earnings.

$($Click the icon to view payroll tax rate information.$)-$

Read the requirements.

Requirement $1.$ Compute Paige's net pay for October. $($Round all amounts to the nearest cen

More info

For all payroll calculations, use the following tax rates and round amounts to the

nearest cent:

Employee: OASDI: $6\mathrm{.}2\%$ on first $$132,900$ earned; Medicare: $1\mathrm{.}45\%$ up to

$$200,000,2\mathrm{.}35\%$ on earnings above $$200,000.$

Employer: OASDI: $6\mathrm{.}2\%$ on first $$132,900$ earned; Medicare: $1\mathrm{.}45\%$; FUTA:

$0\mathrm{.}6\%$ on first $$7,000$ earned; SUTA: $5\mathrm{.}4\%$ on first $$7,000$ earned.