Answered step by step
Verified Expert Solution
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
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
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started