Question
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
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 | $ 700 |
---|---|
Cumulative earnings of previous pay periods | $ 9,100 |
Exhibit 11A.6 Wage Bracket Withholding Table
SINGLE PersonsWEEKLY 'Payroll Period | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
If the wages are | And the number of withholding allowances claimed Is | |||||||||||
At least | But less than | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
The amount of income tax to be withheld Is | ||||||||||||
$600 | $610 | $76 | $67 | $58 | $49 | $39 | $30 | $21 | $12 | $6 | $0 | $0 |
610 | 620 | 79 | 69 | 59 | 50 | 41 | 32 | 22 | 13 | 7 | 1 | 0 |
620 | 630 | 81 | 70 | 61 | 52 | 42 | 33 | 24 | 15 | 8 | 2 | 0 |
630 | 640 | 84 | 72 | 62 | 53 | 44 | 35 | 25 | 16 | 9 | 3 | 0 |
640 | 650 | 86 | 73 | 64 | 55 | 45 | 36 | 27 | 18 | 10 | 4 | 0 |
650 | 660 | 89 | 75 | 65 | 56 | 47 | 38 | 28 | 19 | 11 | 5 | 0 |
660 | 670 | 91 | 76 | 67 | 58 | 48 | 39 | 30 | 21 | 12 | 6 | 0 |
670 | 680 | 94 | 78 | 68 | 59 | 50 | 41 | 31 | 22 | 13 | 7 | 1 |
680 | 690 | 96 | 81 | 70 | 61 | 51 | 42 | 33 | 24 | 14 | 8 | 2 |
690 | 700 | 99 | 83 | 71 | 62 | 53 | 44 | 34 | 25 | 16 | 9 | 3 |
700 | 710 | 101 | 86 | 73 | 64 | 54 | 45 | 35 | 27 | 17 | 10 | 4 |
710 | 720 | 104 | 88 | 74 | 65 | 56 | 47 | 37 | 28 | 19 | 11 | 5 |
720 | 730 | 106 | 91 | 76 | 67 | 57 | 48 | 39 | 30 | 20 | 12 | 6 |
730 | 740 | 109 | 93 | 78 | 68 | 59 | 50 | 40 | 31 | 22 | 13 | 7 |
740 | 750 | 111 | 96 | 80 | 70 | 60 | 51 | 42 | 33 | 23 | 14 | 8 |
Please, Debit or Credit
Gross Pay
Social Security Tac Dedications
Medicare Tax Dedications
Federal Income Tax Deductions
State Income Tax dedications
Total Dedications
Net Pay
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