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Richard Gaziano is a manager for Health Care, Inc. Health Care deducts Social Security, Medicare, and FIT (by percentage method) from his earnings. Assume a

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Richard Gaziano is a manager for Health Care, Inc. Health Care deducts Social Security, Medicare, and FIT (by percentage method) from his earnings. Assume a rate of 6.2% on $128,400 for Social Security and 1.45% for Medicare. Before this payroll, Richard is $1,000 below the maximum level for Social Security earnings. Richard is married, is paid weekly, and claims 2 exemptions What is Richard's net pay for the week if he earns $1,750? (Use Table 91 and Table 9.2). (Round your answer to the nearest cent.) Calculate Social Security taxes, Medicare taxes, and FIT for Jordon Barrett. He earns a monthly salary of $12,900. He is single and claims 1 deduction. Before this payroll, Barrett's cumulative earnings were $128,045. (Social Security maximum is 6.2% on $128,400 and Medicare is 1.45%.) Calculate FIT by the percentage method. (Use Table 91 and Table 9.2) (Round your answers to 2 decimal places.) FIT Social Security taxes Medicare taxes 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 $14.60 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 $128,400 for Social Security and 1.45% for Medicare). Calculate her take-home pay for her first check. (Use Table 9.1 and Table 9.2) (Round your answer to the nearest cent.) Net pay Maggie Vitteta, single, works 40 hours per week at $12.00 an hour. How much is taken out for federal income tax with one withholding exemption? (Use Table 91 and Table 9.2) (Round your answer to the nearest cent.) Answer is complete but not entirely correct. Amount $ 40.00 TABLE 9.1 Payroll Period Percentage method income tax withholding allowances Weekly Biweekly Semimonthly Monthly Quarterly Semiannually Annually Daily or miscellaneous (each day of the payroll period) One Withholding Allowance 5 79.80 159.60 172.90 345.80 1,037.50 2,075.00 4.150.00 16.00 TABLE 9.2 Porcentage method income tax withholding schedules We W.000 19 FM DEDE SOLID HEAN Percentage Method Tables for Income Tax Withholding (For Wages Pald in 2010) TABLET WEENLY PP Pered SINGLE MAREDO www The M De Over 1000 w - -22 16 SOL 18 016 . BIL -01, -40 0,100 100 -0,14 -T B014 11.01 - STA TABLE 2-BEEKLYPAMP SINGLE MARCO hero heart There dis 30 Owe SH GO EROT ofeso 1,77 1444 -44 FT 333 -17 SUM 12:41 500 PO S0 - -500552 1.200 201 -120 16757 1932 YE TABILE WEEKLY Prod SINGLE MAREDO Then The contex SORROW www t res GOSS VID S VEL - www EN w ON DI DE wurs --- ofertelor RO 00 we PORTES BLITZ - - - -100 - 11 602 - 5. BIT TABLE VIVONTHLY MOON MED Thr 4 SARI But - hu EL MG IN W - --- SOLO TABLET NMM Or - EN WE - MASI Richard Gaziano is a manager for Health Care, Inc. Health Care deducts Social Security, Medicare, and FIT (by percentage method) from his earnings. Assume a rate of 6.2% on $128,400 for Social Security and 1.45% for Medicare. Before this payroll, Richard is $1,000 below the maximum level for Social Security earnings. Richard is married, is paid weekly, and claims 2 exemptions What is Richard's net pay for the week if he earns $1,750? (Use Table 91 and Table 9.2). (Round your answer to the nearest cent.) Calculate Social Security taxes, Medicare taxes, and FIT for Jordon Barrett. He earns a monthly salary of $12,900. He is single and claims 1 deduction. Before this payroll, Barrett's cumulative earnings were $128,045. (Social Security maximum is 6.2% on $128,400 and Medicare is 1.45%.) Calculate FIT by the percentage method. (Use Table 91 and Table 9.2) (Round your answers to 2 decimal places.) FIT Social Security taxes Medicare taxes 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 $14.60 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 $128,400 for Social Security and 1.45% for Medicare). Calculate her take-home pay for her first check. (Use Table 9.1 and Table 9.2) (Round your answer to the nearest cent.) Net pay Maggie Vitteta, single, works 40 hours per week at $12.00 an hour. How much is taken out for federal income tax with one withholding exemption? (Use Table 91 and Table 9.2) (Round your answer to the nearest cent.) Answer is complete but not entirely correct. Amount $ 40.00 TABLE 9.1 Payroll Period Percentage method income tax withholding allowances Weekly Biweekly Semimonthly Monthly Quarterly Semiannually Annually Daily or miscellaneous (each day of the payroll period) One Withholding Allowance 5 79.80 159.60 172.90 345.80 1,037.50 2,075.00 4.150.00 16.00 TABLE 9.2 Porcentage method income tax withholding schedules We W.000 19 FM DEDE SOLID HEAN Percentage Method Tables for Income Tax Withholding (For Wages Pald in 2010) TABLET WEENLY PP Pered SINGLE MAREDO www The M De Over 1000 w - -22 16 SOL 18 016 . BIL -01, -40 0,100 100 -0,14 -T B014 11.01 - STA TABLE 2-BEEKLYPAMP SINGLE MARCO hero heart There dis 30 Owe SH GO EROT ofeso 1,77 1444 -44 FT 333 -17 SUM 12:41 500 PO S0 - -500552 1.200 201 -120 16757 1932 YE TABILE WEEKLY Prod SINGLE MAREDO Then The contex SORROW www t res GOSS VID S VEL - www EN w ON DI DE wurs --- ofertelor RO 00 we PORTES BLITZ - - - -100 - 11 602 - 5. BIT TABLE VIVONTHLY MOON MED Thr 4 SARI But - hu EL MG IN W - --- SOLO TABLET NMM Or - EN WE - MASI

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