Problem 5-2A N Tooka's Trees in Auburn, Tennessee, has six employees who are paid biweekly. Assume that all wages are subject to Social Security and Medicare taxes. All 401(k) and Section 125 amounts are pre-tax deductions. The wages are not subject to state taxes. You do not need to complete the number of hours. Required: Calculate the net pay from the information provided below for the November 15 pay date. Use the Wage Bracket Method Tables for Income Tax Withholding in Appendix C. (Round your intermediate calculations and final answers to 2 decimal places.) T. Taylor Single, four withholdings Gross pay: $1,500 per period 401(k) deduction: $125 per pay period To ae. B. Walburn Married, six withholdings Gross pay: $2.225 per period 401(k) deduction: $250 per period H. Carpenter Single, no withholdings Gross pay: $2,100 per period Section 125 deduction: $75 per period 401(K) deduction: $50 per period J. Knight Married, three withholdings Gross pay: $1,875 per period United Way deduction: $50 per period Garnishment: $50 per period C. Lunn Single, one withholding . Lunn Single, one withholding Gross pay: $1.200 per period Section 125 withholding: $50 per period 401) deduction: 6% of gross pay E. Smooter Married, eight withholdings Gross pay: $2.425 per period 401K) deduction: $75 per period 11/15 Run Date PIR Date Company Name: Tooka's Trees Check Date: 11/15 Name MS No of Overtime No. of Holiday Hours T Taylor B. Walbum H. Carpenter J. Knight C Lunn E. Smooter Hourly Rate No. of Regular Hours 10000 2225.00 100 000 $ 875.00 Gross Eaming 4016 1,600.000 $ 2.225.00 210000 3 87300 $ 1.200.00 24251003 31 3 125. 00 250. 00 5000 50700 000 72.00 7 5.00 723 The one Section 125 Wages for Wages for Federal WH FICA 0 $1,375.00 1,500.00 0 5 1,975.00 2.22500 7500 75.00 51.97 1 975.00 2,025.00 000 875.00 4.875.00 50.00 $ 10.00 $ 1.150.00 $ 0.00 $ 2.350.00 $ 2.65.00 735100 510 52900 11 200 09 a $ 2.425.00 1 Federal Social Security Une Way G a te WM T Taylor 1370 Wag for Wages for I | 15000 3500 350000 0032728 ODSTOTS.60 26050 1875.00 75.00 1,078.00 1100 225. 00 0 DO 2425.00 $11.325.00 $ 10.625.00 11200,00 15035s Problem 5-2A N Tooka's Trees in Auburn, Tennessee, has six employees who are paid biweekly. Assume that all wages are subject to Social Security and Medicare taxes. All 401(k) and Section 125 amounts are pre-tax deductions. The wages are not subject to state taxes. You do not need to complete the number of hours. Required: Calculate the net pay from the information provided below for the November 15 pay date. Use the Wage Bracket Method Tables for Income Tax Withholding in Appendix C. (Round your intermediate calculations and final answers to 2 decimal places.) T. Taylor Single, four withholdings Gross pay: $1,500 per period 401(k) deduction: $125 per pay period To ae. B. Walburn Married, six withholdings Gross pay: $2.225 per period 401(k) deduction: $250 per period H. Carpenter Single, no withholdings Gross pay: $2,100 per period Section 125 deduction: $75 per period 401(K) deduction: $50 per period J. Knight Married, three withholdings Gross pay: $1,875 per period United Way deduction: $50 per period Garnishment: $50 per period C. Lunn Single, one withholding . Lunn Single, one withholding Gross pay: $1.200 per period Section 125 withholding: $50 per period 401) deduction: 6% of gross pay E. Smooter Married, eight withholdings Gross pay: $2.425 per period 401K) deduction: $75 per period 11/15 Run Date PIR Date Company Name: Tooka's Trees Check Date: 11/15 Name MS No of Overtime No. of Holiday Hours T Taylor B. Walbum H. Carpenter J. Knight C Lunn E. Smooter Hourly Rate No. of Regular Hours 10000 2225.00 100 000 $ 875.00 Gross Eaming 4016 1,600.000 $ 2.225.00 210000 3 87300 $ 1.200.00 24251003 31 3 125. 00 250. 00 5000 50700 000 72.00 7 5.00 723 The one Section 125 Wages for Wages for Federal WH FICA 0 $1,375.00 1,500.00 0 5 1,975.00 2.22500 7500 75.00 51.97 1 975.00 2,025.00 000 875.00 4.875.00 50.00 $ 10.00 $ 1.150.00 $ 0.00 $ 2.350.00 $ 2.65.00 735100 510 52900 11 200 09 a $ 2.425.00 1 Federal Social Security Une Way G a te WM T Taylor 1370 Wag for Wages for I | 15000 3500 350000 0032728 ODSTOTS.60 26050 1875.00 75.00 1,078.00 1100 225. 00 0 DO 2425.00 $11.325.00 $ 10.625.00 11200,00 15035s
