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There is no tax year or tax table provided, just this. Chapter 8 - Homework Assignment eBook 1. EX.08.01A Computing Net Pay 2. EX.08.02A Mary
There is no tax year or tax table provided, just this.
Chapter 8 - Homework Assignment eBook 1. EX.08.01A Computing Net Pay 2. EX.08.02A Mary Sue Guild works for a company that pays its employees 112 times the regular rate for all hours worked in excess of 40 per week. Guild's pay rate is $14.50 per hour. Her wages are subject to deductions for federal income tax, Social Security tax, and Medicare tax. She is married and claims four withholding allowances. Guild has a 12-hour lunch break during an 812-hour day. Her time card is shown. 3. EX.08.03A Mary Sue Guild Name Week Ending 4. EX.08.04A March 30, 20-- Hours Worked 5. EX.08.05A Day In Out In Out Regular Overtime M 7:57 12:05 12:35 4:33 8 T 7:52 12:09 12:39 5:05 8 1/2 W 7:59 12:15 12:45 5:30 8 1 T 8:00 12:01 12:30 6:31 8 2 F 7:56 12:05 12:34 4:30 8 S 8:00 10:31 2 1/2 Complete the following for the week: a. regular hours $14.50 per hour b. overtime hours x $21.75 per hour C. Total gross wages d. Federal income tax withholding (Tax Tables: Refer to Figure 8-4 in the text.) Social Security withholding at 6.2% III III! e. f. Medicare withholding at 1.45% g. Total withholding s h. Net payStep by Step Solution
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