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Rhonda Brennan found her first job after graduating from college through the classifieds of the Miami Herald. She was delighted when the offer came through
Rhonda Brennan found her first job after graduating from college through the classifieds of the Miami Herald. She was delighted when the offer came through at $31.00 per hour. She completed her W-4 stating that she is married with a child and claims an allowance of 3. Her company will pay her biweekly for 80 hours (assume a tax rate of 6.2% on $110,100 for Social Security and 1.45% for Medicare).
Calculate her take home pay for her first check. Using the following tables:
TABLE 7.1 Payroll Period One Withholding Percentage method income tax withholding allowances Allowance Weekly Biweekly $73.08 146.15 158.33 316.67 950.00 1,900.00 3,800.00 Daily or miscellaneous (each day of the payroll period) 14.62
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