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Question Help S11-7 (similar to) Kristi Clover works for JMK all year and eams a monthly salary of $12,600. There is no overtime pay. Krist's
Question Help S11-7 (similar to) Kristi Clover works for JMK all year and eams a monthly salary of $12,600. There is no overtime pay. Krist's income tax withholding rate is 20% of gross pay. In addition to payroll taxes, Kristi elects to contribute 2% monthly to United Way. JMK also deducts $125 monthly for co-payment of the health Insurance premium. As of September 30, Kristi had S113,400 of cumulative earnings. (Click the icon to view payroll tax rate information.) Read the requirements. Requirement 1. Compute Kristi's net pay for October, (Round all amounts to the nearest cent.) i More Info Withholding deductions: 2520 504 Employee contribution to United Way Employee health insurance Employee income tax Employee Medicare tax Employee OASDi tax Gross pay Total withholdings For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee OASDI: 6.2% on first S118,500 earned: Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000 Employer: OASDI: 6.2% on first 5118,500 earned: Medicare: 1.45% on all eamings; FUTA: 0.6% on first $7,000 earned: SUTA: 5.4% on first 57,000 earned 125 -3149 9451 Print Done
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