Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The San Bernardino County Fair hires about 120 people during fair time. Their wages range from $5.80 to $7.70. California has a state income tax
The San Bernardino County Fair hires about 120 people during fair time. Their wages range from $5.80 to $7.70. California has a state income tax of 9%. Sandy Denny earns $7.70 per hour; George Barney earns $5.80 per hour. They both worked 38 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 Sandy's net pay after FIT (use the Table 7.1 and Table 7.2), Social Security tax, state income tax, and Medicare have been taken out? (Round your answer to the nearest cent.) b. What is George's net pay after the same deductions? (Round your answer to the nearest cent.) c. How much more is Sandy's net pay versus George's net pay? (Round your answer to the nearest cent.)
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