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 $1,3007 (Use Table 91 and Table 9.2.) (Round your answer to the nearest cent.) Net pay $22.62 TABLE 9.1 Porcentage method income tax withholding allowances Payroll Period Weekly Biweekly Semimonthly Monthly Quarterly Semiannually Annely Daily or miscellaneous (each day of the payroll parod) One Withholding Allowance S 79.80 159.60 172.90 345.80 1,037.50 2,075 00 4,100.00 16.00 DE T come tax withholding schedules Percentage Method Tables for home Tax For was Padin 2018 holding SINGLE NE TABLE - WEEKLY Payroll Period (b) MARRIED AND We art of wages The munt of income (a) SINGLE person induding head of household the amount o es The amount of income wielding van with Notower $71. Over Dutwol over SOD 10 es $12.30 pa S815 -31 585 52 plus 224 23.100 24 53.100 17 $817.15 h - 0. 5878.00 plus 30 52896.10 plus 37% Not over 22 of Mes avor.Over. But not over -588 . $0.00 s 10% Opus 12 $171.5 plus 2015 6541 84 ples 2013 2 57 $14 3113424 -3.917 37,914 - $11.701.31,737.12 plus -30.087 $11.781 39 103 57 37 TABLE 2 WEEKLY Payroll Period () SINGLE person indig head of household) the mount of wages The amount of income winding wances) is bithid Not over Over But not over -S509 S000 plus 10% -51.631 535. Toplus $11 $171.34 ps 22 33315 - 5.200 5412 plus 20% 200 $1234 22 ous 57 325 -$19.373 519373 $579572 plus 37% () MARRIED person Wortes (characug Theart of one tax withholding a ssist wild is Nol44 of excover Over Bunot gror 5444 -$1,177. 50.00 plus 10% $1177 330 12 S3425 plus 70 S108375 2 SIE Ls 12 51151264 plus $19.373 $22521 SS 2003 TABLE 2 WEEKLY Payroll Period The amount of income to to wind is () SINGLE person including head of househords C) MARRIED person If the amount of wages ther of wages acting co ( a cting wholding diwarce is the with once Not Over 31:42 Not Over But not ever of excess over Over Bu not over 500 000 plus 10% -5142 6 4 -51,177 -$1.531 530. Toplus 125 -550951177 53.421 $1.531 -5315 5171.3 plus 2 -51631 551421 56.290 $3.315 200 $541 82 plus 20% 3315 790 -$12.560 $6.200 S $1234 22 124 02 SIO 515 900 57 35 -$12373 $1.757 42 s 35 -5705 $16829 -523521 $19.3732 557957 $19.373 $21521 TABLE CENIMONTHLY Payro Period SOCO 10% 57330 plus 12 S142 8 plus 22 S: 78 plus 24 -$1,177 51.421 $0.90 -$12.500 -515 20 $351254 plus 2009 The amount of income tax to withdis: (a) SINGLE person including head of househod (b) MRRED person the amount was the amount of wages The amount of income tax a subrating withdding awance is hoids w ongalowance Net over $56 5 0 Not Over But not ever of excess over Over But not over 17 $177 1 555 31275 - 206 S 63 102 103 62 226 51767 1706 53.717 57 122 -$3.592 57.356 513 606 37126 56717 $13.6 $17,145 390 51001 R $ 1 .41 SNOR 481 TABLE 4 MONTHLY Payroll Period - us 12 5171222 S 1742 536712 plus 2 3. .06 plus 6.726.117 (a) SINGLE person i ng head of household (D) MARRIED erse Front of agos LUPULL the amount of wages If the amount of wages (aher subtracting The amount of income tax (after subtracting The amount of income tax withholding allowances) is to withhold is: withholding allowances) is: to withhold is. Not over $142 ...... $0 Nol over $444 ..... $0 Over- But not over- of excess over Over But not over- of excess over- $142 -S509 .. $0.00 plus 10% -$142 $144 -$1,177 .. $0.00 plus 10% -$444 $509 -$1,631 .. $36.70 plus 12% -$509 $1,177 -$3,421 .. $73 30 plus 12% -$1,177 $1,631 $3,315 .. $171.34 plus 22% -$1,631) $2.421 $6,790 .. $342.58 plus 22% -$3,421 $3,315 -$8,200 $541.82 plus 24% -$3.315 SE,790 -$12,560.. $1.083.76 plus 24% -57.835. . $1.234 22 olus 32% $6200 S12560 -$15.829.. $2.468.56 plus 32 -$12.560 57 836 -519,373 . 51.757.42 plus 35% -$7.835 $15.829 -523,521 .. $3,514.64 plus 35% -$15.829 $19373 $5.795.72 plus 37% $19.373 $23.521... $6,206,84 plus 37% $23.521 TABLE 2-BIWEEKLY Payroll Period $8.790 $38.70 puhus 22% 5331 (c) SINGLE person (ncluding head of household)- |(5) MARRIED person- If the amount of wages If the amount of wages (alter subtracting The amount of income tax (after subtracting The amount of income tax withholding allowances) is: to withhold is: withholding allowances) is: to withhold is: Not over $142 ....... $0 Not Over $144... Over But not over- of excess over- Over- But not over- of excess over- $142 -S509 .. $0.00 plus 10% -$142 5444 -$1,177 .. $0.00 plus 10% -$444 5509 -$1,631..536.Topus 12% -$509 $1,177 -$3,421 .. $7330 plus 12% -S1,177 $1,531 -$3,315.. S171.34 plus 22% -$1,631 $3,421 -$6,790 .. $342.58 plus 22% -$3,421 $3 315 -$5,200 $541.82 plus 24% -$3,315 $8,790 -$12,560 . . $1,083.76 plus 24% -$8,790 S6 200 -57.835 51 234 22 olus 32% --56,200 $12560 -515.829.52.468.56 plus 32% -$12.560 $7.835 -$19,373. 51.757 42 plus 35% -57835 $15.829 -$23.521. 53.514.64 plus 35% -515.829 $19 373 $5.795 72 plus 37% - $19373 $23.521. 86.206.84 plus 37% -$23.521 TABLE 3-SEMIMONTHLY Payroll Period (a) SINGLE person including head of household - (6) MARRIED person the amount of wages of the amount of wages (after subtracting The amount of income tax lates subtracting The amount of income tax with didng allowances) is to withholds: withholding allowances) is to withholdis: Not Over $154...... $0 Not Over $481 Over But not over- of excess over-Over- But not over- of excess over- S1 -$651 Sophie $1641 -$1.976 son plus 10% -CIRI $551 $1,767 $39.70 plus 12 -$551 $1275 -$3,706 $79 40 plus 12% -$1,275 $1,767 -53,592, 5185 62 plus 22 -$1.767 $2.706 -57,356 $371.12 plus 22 -$3.TOS $3,502 -$8.717. 5587.12 plus 24% -53.592 $7,356 -513,606 $1,174, 12 plus 20 -57.356 $6,717 - $8,483 $1337 12 plus 32 --56.717 $13,606 -$17,148 $2,674.12 plus 32. --$13,608 $8,488 $20.083. $1.003 84 plus 35% 58 488 $17,148 $25,481 $3,807,56 plus 396 $17.148 $6.278.84 plus 3796 30.09 $20.088 $26.481 - $6.724.11 plus 37 0,401 TABLE MONTHLY Payroll Period The amount of income tax to withheld is of excess over (a) SINGLE person including head of household If the amount of wagos (after subtracting The amount of incomoto withholding allowances) is to withholdis: Not over $308 SO Over Out not over 3303 -51,102 300 plus 10% 31.102 -$3533 $79.40 plus 12 33,533 --37,163 S37 1.12 plus 22 $7183 -$13.433 $1. 174 12 plus 24% 513633 -519 975 52 674 12 plus 32 $15 -$41.375 0756 US 35 4115 $12.557 55 plus 3 (b) MARRIED person- If the amount of wagos Caftoroubtracting with sing allowances) is Not Over 5063 of excess over Over. Dut not over 3953 32550 -51.102 2550 $7,413 $3533 37,413 $14,713 $7.183 $14,713 -527.213 513433 $27.213 $34.290 $16 95 H 20 - $50 1 541 975 SSCOS SO.COpus 10 $158.70 plus 126 $742.20 plus 22 $2.348.28 plus 2 S5.348 20 plus 32 ST.614.2 plus 35, 513273 -$2.590 -37,413 -$14.713 $27 213 - $31290 Sincome tax Payroll Period One Withholding Allowance $ 79.80 159 60 172.90 345.80 1,037.50 2,075.00 4,150.00 Weekly Biweekly Semimonthly Monthly ..... Quarterly ... Semiannually Annually Daily or miscellaneous (each day of the payroll period) O 16.00 SOOO