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The San Bernardino County Fair hires about 150 people during fair time. Their wages range from $5.30 to $8.10. California has a state income tax
The San Bernardino County Fair hires about 150 people during fair time. Their wages range from $5.30 to $8.10. California has a state income tax of 9%. Sandy Denny earns $8.10 per hour; George Barney earns $5.30 per hour. They both worked 36 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, Social Security tax, state income tax, and Medicare have been taken out? Use the Table 9.1 and Table 9.2. (Round your answer to the nearest cent.) Sandy's net pay $ b. What is George's net pay after the same deductions? (Round your answer to the nearest cent.) George's net pay $ c. How much more is Sandy's net pay versus George's net pay? (Round your answer to the nearest cent.) Difference in net pay $ The San Bernardino County Fair hires about 150 people during fair time. Their wages range from $5.30 to $8.10. California has a state income tax of 9%. Sandy Denny earns $8.10 per hour; George Barney earns $5.30 per hour. They both worked 36 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, Social Security tax, state income tax, and Medicare have been taken out? Use the Table 9.1 and Table 9.2. (Round your answer to the nearest cent.) Sandy's net pay $ b. What is George's net pay after the same deductions? (Round your answer to the nearest cent.) George's net pay $ c. How much more is Sandy's net pay versus George's net pay? (Round your answer to the nearest cent.) Difference in net pay $
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