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Please help! Thanks. Oivia Hubert works for XCYZ all yoar and earns a monthly salary of $12,400. Thore is no overtme pay. Oliva's income tax
Please help! Thanks. Oivia Hubert works for XCYZ all yoar and earns a monthly salary of $12,400. Thore is no overtme pay. Oliva's income tax withholding rate is 12 at of gross pay in of September 30 , Okivia hat $124,000 of cumutative earnings. (Cick the icon fo viow payroll tax rate information ) Read the requiements Reauirnment 1. Combute Olivia's net nav for October. (Round all arnocints ta line nearest cent) More info For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee: OASDI: 6.2% on first $132,900 earned; Medicare: 1.45% up to $200,000,2.35% on earnings above $200,000. Employer: OASDI: 6.2% on first $132,900 earned; Medicare: 1.45%; FUTA: 0.6% on first $7,000 earned; SUTA: 5.4% on first $7,000 earned
Please help! Thanks.
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