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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

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.
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Calculate the net pay from the information provided for the July 14 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 or joint, two dependents <17
Annual pay $46,720
401(k) deduction: 2 percent of gross pay per pay period
J. Raz
Single, no dependents
Annual pay: $56,750
401(k) deduction: $220 per pay period
G. Koskoris
Single, one dependent <17, one other dependent
Annual pay: $65,520
Section 125 deduction: $25 per pay period
401(k) deduction: $150 per pay period
S. Hays-Smith
Married or joint, three dependents <17
Annual pay: $51,220
United Way deduction: $25 per pay period
Garnishment: $75 per period
H. Inhofe
Married or joint, no dependents
Annual pay: $65,400
Section 125 deduction: $100 per period
401(k) deduction: 4 percent of gross pay
D. Wong
Single, one other dependent
Annual pay: $49,000
401(k) deduction: $120 per period

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