Question
Rhonda Brennan found her first job after graduating from college through the classifieds of the Miami Herald. She completed her W-4 stating that she is
Rhonda Brennan found her first job after graduating from college through the classifieds of the Miami Herald. She completed her W-4 stating that she is married, filing jointly, and claiming an allowance of 3. She was delighted when the following offer came through:
Hourly rate: $ 18.50
Biweekly pay of a total hours of: 80
Required: Using the information given above and the appropriate tables found in the textbook answer the following questions:
a. What is the Gross pay?
b. What is the Social Security tax?
c. What is the Medicare tax?
d. What is the weekly withholding of Rhonda's allowances? (Please use the appropriate income tax with holding tables found in your textbook).
e. What is the amount of wages to use to calculate FIT?
f. What is the amount of income tax to withhold? (please use the appropriate income tax with holding tables found in your textbook)
g. What is the FIT?
h. What is the net pay?
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