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The San Bernardino County Fair hires about 150 people during fair time. Sandy Denny earns $13.40 per hour; George Barney earns $14.40 per hour. They
The San Bernardino County Fair hires about 150 people during fair time. Sandy Denny earns $13.40 per hour; George Barney earns $14.40 per hour. They both worked 39 hours this week. Both are married; however, Sandy files jointly and George files separately. Assume a rate of 6.2% on $147,000 for Social Security and 1.45% for Medicare. Assume state income tax rate to be 9%. Required: a. What is Sandy's net pay after FIT (use the Table 7.1), Social Security tax, state income tax, and Medicare have been taken out? Note: Round intermediate calculations and final answer to the nearest cent. b. What is George's net pay after FIT (use the Table 7.1), Social Security tax, state income tax, and Medicare have been taken out? Note: Round intermediate calculations and final answer to the nearest cent. c. How much more is Sandy's net pay versus George's net pay? Note: Round intermediate calculations and final answer to the nearest cent. 2022 Percentage Method Tables
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