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Precision Labs has two employees. The following information was taken from its individual earnings records for the month of September. Determine the missing amounts assuming
Precision Labs has two employees. The following information was taken from its individual earnings records for the month of September.
Determine the missing amounts assuming that the Social Security tax is percent, the Medicare tax is percent, and the state income tax is percent of the federal income tax. Assume that the employees are married and have one withholding allowance. All earnings are subject to Social Security and Medicare taxes. If required, round your answers to the nearest cent and use the rounded answers in subsequent computations. Enter all amounts as positive values.
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BROWN RINGNESS TOTAL
Regular earnings $ $fill in the blank
$fill in the blank
Overtime earnings fill in the blank
fill in the blank
Total earnings $ $fill in the blank
$fill in the blank
Federal income tax withheld $ $fill in the blank
$fill in the blank
State income tax withheld fill in the blank
fill in the blank
Social Security tax withheld fill in the blank
Medicare tax withheld fill in the blank
Charity withheld fill in the blank
Total deductions $ $ $fill in the blank
Net pay $fill in the blank
$ $fill in the blank
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