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The payroll records of Speedy Software show the following information about Marsha Gottschalk, an employee, for the weekly pay period ending September 30. Gottschalk
The payroll records of Speedy Software show the following information about Marsha Gottschalk, an employee, for the weekly pay period ending September 30. Gottschalk is single and claims one allowance. Compute her Social Security tax (6.2%), Medicare tax (1.45%), federal income tax withholding (use the withholding table in Exhibit 11A.6), state income tax (1.0%), and net pay for the current pay period. Note: Round your final answers to 2 decimal places. Total (gross) earnings for current pay period Cumulative earnings of previous pay periods Gross pay Answer is complete but not entirely correct. Social security tax deduction $ 10,440.00 616.28 Medicare tax deduction 144.23 x Federal income tax 994.00 X deduction State income tax deduction 99.40 X Total deductions 1,853.91 $ 740 $ 9,700
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