Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The San Bernardino County Fair hires about 135 people during fair time. Their wages range from $5.00 to $790. California has a state Income tax

image text in transcribed
image text in transcribed
image text in transcribed
The San Bernardino County Fair hires about 135 people during fair time. Their wages range from $5.00 to $790. California has a state Income tax of 9% Sandy Denny earns $7.90 per hour, George Barney earns $5.00 per hour. They both worked 40 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 71 and Table 72), Social Security tax, state income tax, and Medicare have been taken out? (Round your answer to the nearest cent.) Sandy's not pay after FIT b. What is George's net pay after the same deductions? (Round your answer to the nearest cent.) George's not pay after FIT c. How much more Sondy's net pay versus George's not pay? (Round your answer to the nearest cont.) Diference in tay 05 Percentage Method Tables for Income Tax Withholding TABLE - WEEKLY Payroll Period ta) SINGLE person incluindo o (6) MARRIED person menog moto racing The court income tax corating The amount of income to widge Not 44 50 Noties Over but not o excessor But not over ofesso 541 5010 3155 -3520 50.00 -5105 -4 517 5233 -$1.000 4 3520 3:38 -60 11700 0.10 10 03.07 SLO -17.00 S40 20 -- $3632 $17 03 SU 1968.52 MS -3073 po 45 001.STO - 17 -57.000 2:26 700 ON 10.101 - 1790 12.30752 VOS 500.00 -105 TARLE-OWEEKLYP Period (SINGLE MARRIO Thermo wing The outcome w Nuove 30 But no O f e- - of 20 -100 SON - 00 5.70 11.04 -579 SA 23 22 $35 570 37 1 - 11.10 - SI5 11 - 51515 14 B. -115 RIO 49 TABLE MONTHLY Op de MARED Two w SOLO EVE SIS OS ES 5 540 0005 SAMO DOON SHOP LOS LOS 1 MER! . - . - - -51 TABLETE AINED w PES SEE Payroll Period Weekly Biweekly Semimonthly Monthly Quarterly Semiannually Annually Daily or miscellaneous (each day of the payroll porod One Withholding Allowance $ 76.90 153.80 166.70 333.30 1.000.00 2,000.00 4,000.00 15.40

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing And Assurance Services

Authors: Timothy Louwers, Penelope Bagley, Allen Blay, Jerry Strawser, Jay Thibodeau

9th International Edition

1266285997, 978-1266285998

More Books

Students also viewed these Accounting questions

Question

=+(3.14) Q((HOA) U (HenB)) = P(HOA) +P (H'nB) for A, B E 70.

Answered: 1 week ago