Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following employees of CIBA Ironworks in Bristol, Illinois, are paid in different frequencies. Some employees have union dues or garnishments deducted from their

image text in transcribedimage text in transcribed

The following employees of CIBA Ironworks in Bristol, Illinois, are paid in different frequencies. Some employees have union dues or garnishments deducted from their pay. Use Figure 5.4. Required: Calculate their net pay using the Wage Bracket Method when possible, and the Percentage Method when the amount earned exceeds the Wage Bracket Tables for Income Tax Withholding in Appendix C, and including Illinois income tax of 4.95 percent of taxable pay. No employee has exceeded the maximum FICA limits. You do not need to complete the number of hours. (Round your intermediate calculations and final answers to 2 decimal places.) Employee Frequency Marital Status/ Withholdings Union Dues Garnishment Pay per Period per Period Net C. Whaley Weekly M, 2 $ 1,070 $ 107 $ F. Paguaga Semi-monthly M, 8 $ 3,020 $ 65 $ K. Harvey Monthly S, 3 $ 7,650 $ 350 $ 130 $ L. Bolling Biweekly M, O $ 2,720 $ 130 $

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

Step: 3

blur-text-image

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

Ethical Obligations and Decision Making in Accounting Text and Cases

Authors: Steven Mintz, Roselyn Morris

4th edition

978-1259543470, 1259543471, 978-1259730191

More Books

Students also viewed these Accounting questions