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show steps please Regina Garza's regular hourly wage rate is $11.50, and she receives a wage of 1% times the regular hourly rate for work
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Regina Garza's regular hourly wage rate is $11.50, and she receives a wage of 1% times the regular hourly rate for work in excess of 40 hours. During a March weekly pay period, Regina worked 48 hours. Her gross earnings prior to the current week were $7,800. Regina 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 And the number of withholding allowances claimed is are But At 0 1 2 3 4 5 6 7 8 9 10 less least than The amount of income tax to be withheld is - 500 11 4 0 34 35 12 5 0 0 510 520 530 540 550 37 27 28 29 30 31 510 520 530 540 19 20 21 22 23 O 6 13 14 15 OOOOO 38 40 0 7 8 0 0 0 0 0 0 . 0 0 32 550 560 24 9 16 JOU 1 44 34 26 18 11 3 0 0 570 580 590 580 590 600 46 12 4 0 35 36 27 28 19 20 47 13 Un 14 0 600 610 620 630 640 610 620 630 640 650 49 38 29 21 6 0 0 50 | 39 | 30 | 22 15 7 o o o o 52 41 23 16 8 1 0 53 42 32 | 24 17 2 0 0 55 44 33 25 18 10 3 0 31 0 34 11 4 12 5 650 660 670 680 690 0 660 670 680 690 700 35 37 56 45 58 47 59 48 61 50 62 51 26 19 27 20 28 21 29 | 22 30 23 13 0 38 No 14 0 40 15 0 0 0 Compute the following amounts for Regina's wages for the current week. (Round FICA taxes, State income toes and Net pay answers to 2 decimal places, eg. 52.55.) $ 598 $ 45.747 (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.) $ 42.687 1176 $ (5) Net pay. 497 806 Record Regina's pay. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 2 decimal places, eg. 52.75) Debit Account Titles and Explanation Salaries and Wages Expense Credit 598 FICA Taxes Payable 45.747 Federal Unemployment Taxes Payable 42.687 State Income Taxes Payable 11.76 Cash 497.806 Step by Step Solution
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