Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

Roselin Garza's regular hourly wage rate is $13.00, and she receives a wage of 16 times the regular hourly rate for work in excess of

image text in transcribedimage text in transcribed

Roselin Garza's regular hourly wage rate is $13.00, and she receives a wage of 16 times the regular hourly rate for work in excess of 40 hours. During a March weekly pay period, Roselin worked 42 hours. Her gross earnings prior to the current week were $5,700. Roselin is married and claims three withholding allowances. Her only voluntary deduction is for group hospitalization insurance at $30 per week. MARRIED Persons - WEEKLY Payroll Period (For Wages Paid through December 2017) If the wages are - And the number of withholding allowances claimed is - But At 0 1 4 5 6 7 8 9 10 less least than The amount of income tax to be withheld is - 500 510 34 27 19 11 4 0 0 0 0 0 510 520 35 28 20 12 5 0 0 0 0 0 520 530 37 29 21 13 6 0 0 530 540 38 30 22 14 0 0 0 540 550 40 31 23 15 8 0 0 0 0 550 560 570 580 590 560 570 580 590 600 41 43 44 46 47 32 33 34 35 36 24 25 26 27 28 16 17 18 19 20 9 10 11 12 13 0 0 0 0 0 0 0 0 0 0 0 0 0 0 14 0 6 7 600 610 620 630 640 610 620 630 640 650 49 50 52 53 55 38 39 41 42 44 29 30 31 32 33 21 22 23 24 25 8 15 16 17 18 1 2 3 9 10 0 0 19 20 11 12 650 660 670 680 690 660 670 680 690 700 56 58 59 61 62 45 47 48 50 51 34 35 37 38 40 26 27 28 29 30 21 22 23 13 14 15 4 5 6 7 8 OOO OOOOO 0 0 0 (a) Compute the following amounts for Roselin's wages for the current week. (Round FICA taxes, State income taxes and Net pay answers to 2 decimal places, eg. 52.55.) $ (1) Gross earnings. (2) FICA taxes. (Assume a 7.65% rate on maximum of $127,200.) $ $ (3) Federal income taxes withheld. (4) State income taxes withheld. (Assume a 2.0% rate.) (5) Net pay. $ $

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image
Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

College Accounting A Practical Approach Chapters 1-15

Authors: Jeffrey Slater

7th Edition

0130954888, 978-0130954886

More Books

Students explore these related Accounting questions