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please fill in all the blanks for Moe and Jack. thank you! dont worry about question 1 for state tax it is 2% for manny,

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please fill in all the blanks for Moe and Jack. thank you! dont worry about question 1

for state tax it is 2% for manny, 3% for moe, and 5% for jack

Manny Moe Jack 8 9 Gross Pay $ 360.00 $ 2,000.00 $ 6,800.00 10 11 Less: Health Insurance (100.00) (100.00) (100.00) 13 Taxable Pay $ 260.00 $ 1,900.00 $ 6,700.00 $ 229.40 55 Less Deductions: FICA - Social Security FICA - Medicare Federal Income Tax State Income Tax 50 Total Deductions 51 52 Net Pay 53 64 True Cost of Health Insurance 16.12 3.77 7.80 5.20 32.89 59 $ 227.11 $ 87.35 68 3 Manny Moe Jack 69 $ 360.00 $ 2,000.00 $ 6,800.00 $ 229.40 70 Gross Pay 71 72 Less Deductions: 73 FICA - Social Security FICA - Medicare Retirement Contribution Federal Income Tax State Income Tax 78 Total Deductions 74 60.00 204.00 22.32 5.22 10.80 10.48 6.98 55.80 76 17 79 $ 304.20 80 Net Pay 81 82 True Cost of Retirement Contrib $ 10.26 $ 153.00 Peppy Company pays its employees on the 15th and last day of each month Employees gross pay is subject to these taxes Tax FICA - Social Security FICA - Medicare Federal Unemployment State Unemployment Rate 6 20% 1.45% 0.60% 3.00% Applied to First $132.900 ALL Wages First $7.000 First $7.000 The company is preparing its payroll for the period ending October 31, 2019 Payroll records show the following information for the company's three employees. Current Pay Period Name Gross Pay thru 10/15/19 Gross Pay Federal Tax State TE Manny 6.840 $ 360 3% Moe 38,000 2.000 10% Jack 129.200 6,800 20% Required (using an electronic spreadsheet) 1) For the current pay period, compute the following, for each employee: a) Net pay for the current pay period b) Total cost, to the employer, including wages 2) In addition to the statutory deductions, each employee must pay one-half of the $200 (per pay period) cost for medical and dental insurance. Insurance is a pre-tax deduction. For the current pay period, compute net pay for each employe What is the difference between this net pay and the net pay in (1a)? 3) (Independent of Requirement #2.) Peppy Company offers a 401(k) retiremen plan to its employees. The company matches all amounts withheld from the employees up to 3% of each employee's gross pay. All employees contribute t maximum amount. Any amounts contributed currently are FICA taxable but are not taxable for federal or state income tax purposes. For the current pay perio compute net pay for each employee. What is the difference between this net and the net pay in (1a)? Manny Moe Jack 8 9 Gross Pay $ 360.00 $ 2,000.00 $ 6,800.00 10 11 Less: Health Insurance (100.00) (100.00) (100.00) 13 Taxable Pay $ 260.00 $ 1,900.00 $ 6,700.00 $ 229.40 55 Less Deductions: FICA - Social Security FICA - Medicare Federal Income Tax State Income Tax 50 Total Deductions 51 52 Net Pay 53 64 True Cost of Health Insurance 16.12 3.77 7.80 5.20 32.89 59 $ 227.11 $ 87.35 68 3 Manny Moe Jack 69 $ 360.00 $ 2,000.00 $ 6,800.00 $ 229.40 70 Gross Pay 71 72 Less Deductions: 73 FICA - Social Security FICA - Medicare Retirement Contribution Federal Income Tax State Income Tax 78 Total Deductions 74 60.00 204.00 22.32 5.22 10.80 10.48 6.98 55.80 76 17 79 $ 304.20 80 Net Pay 81 82 True Cost of Retirement Contrib $ 10.26 $ 153.00 Peppy Company pays its employees on the 15th and last day of each month Employees gross pay is subject to these taxes Tax FICA - Social Security FICA - Medicare Federal Unemployment State Unemployment Rate 6 20% 1.45% 0.60% 3.00% Applied to First $132.900 ALL Wages First $7.000 First $7.000 The company is preparing its payroll for the period ending October 31, 2019 Payroll records show the following information for the company's three employees. Current Pay Period Name Gross Pay thru 10/15/19 Gross Pay Federal Tax State TE Manny 6.840 $ 360 3% Moe 38,000 2.000 10% Jack 129.200 6,800 20% Required (using an electronic spreadsheet) 1) For the current pay period, compute the following, for each employee: a) Net pay for the current pay period b) Total cost, to the employer, including wages 2) In addition to the statutory deductions, each employee must pay one-half of the $200 (per pay period) cost for medical and dental insurance. Insurance is a pre-tax deduction. For the current pay period, compute net pay for each employe What is the difference between this net pay and the net pay in (1a)? 3) (Independent of Requirement #2.) Peppy Company offers a 401(k) retiremen plan to its employees. The company matches all amounts withheld from the employees up to 3% of each employee's gross pay. All employees contribute t maximum amount. Any amounts contributed currently are FICA taxable but are not taxable for federal or state income tax purposes. For the current pay perio compute net pay for each employee. What is the difference between this net and the net pay in (1a)

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