Question
THE QUESTION IS ALL THE WAY AT THE BOTTOM :) TABLES BELOW ARE NECESSARY FOR THE PROBLEM: Table 9.1 Withholding allowance. Take the weekly total
THE QUESTION IS ALL THE WAY AT THE BOTTOM :)
TABLES BELOW ARE NECESSARY FOR THE PROBLEM:
Table 9.1 Withholding allowance. Take the weekly total pay and Multiply the number of 1 allowance by $76.90. One Weekly allowance is $76.90.
(Ex. Allowances claimed: 2. So you take 2 x $76.90 = $153.80 - Weekly Pay= amount and take it from table 9.2)
Table 9.2:
**QUESTION: "The San Bernardino County Fair hires about 150 people during fair time. Their wages range from $6.75 to $8.00. California has a state income tax of 9%. Sandy Denny earns $8.00 per hour; George Barney earns $6.75 per hour. They both worked 35 hours this week. Both are married; however, Sandy claims 2 exemptions and George claims 1 exemption. Assume a rate of 6.2% on $118,500 for Social Security and 1.45% for Medicare.
a. What is Sandys net pay after FIT (use the Table 9.1 and Table 9.2), Social Security tax, state income tax, and Medicare have been taken out? (Round your answer to the nearest cent.)
Sandys net pay after FIT $
b. What is Georges net pay after the same deductions? (Round your answer to the nearest cent.)
Georges net pay after FIT $
c. How much more is Sandys net pay versus Georges net pay? (Round your answer to the nearest cent.)
Difference in net pay $"
TABLE 9.1 TABLE One Withholding Allowance Payroll Period Weekly . . . . Semimonthly Percentage method income tax withholding allowances $ 76.90 153.80 166.70 333.30 1,000.00 2,000.00 4,000.00 Monthly Annually Daily or miscellaneous (each day of the payroll period) 15.40Step by Step Solution
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