Teton Tours in Evanston, Wyoming, has six employees who are paid on a biweekly basis. Assume that all wages are subject to Social Security and Medicare taxes.

Required:

Calculate the net pay from the information provided for the July 16 pay date. Use the wage-bracket tables in Appendix C to determine the federal income tax withholding. You do not need to complete the number of hours. No one has checked the box in Step 2, and there is no additional information in Step 4.

Note: Round your intermediate calculations and final answers to 2 decimal places.

A. Bowman

Married/Joint, two dependents

Annual pay $45,160

401(k) deduction: 2 percent of gross pay per pay period

J. Raz

Single, no dependents

Annual pay: $55,190

401(k) deduction: $220 per pay period

G. Koskoris

Single, one dependent

Annual pay: $63,960

Section 125 deduction: $25 per pay period

401(k) deduction: $150 per pay period

S. Hays-Smith

Married/Joint, three dependents

Annual pay: $49,660

United Way deduction: $25 per pay period

Garnishment: $75 per period

H. Inhofe

Married/Joint, no dependents

Annual pay: $63,840

Section 125 deduction: $100 per period

401(k) deduction: 4 percent of gross pay

D. Wong

Single, one other dependent

Annual pay: $47,440

401(k) deduction: $120 per period