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Brooke Bennington works for ABC all year and earns a monthly salary of $12,400. There is no overtime pay. Brocke's income tax withholding rate is
Brooke Bennington works for ABC all year and earns a monthly salary of $12,400. There is no overtime pay. Brocke's income tax withholding rate is 15% of gross pay. In addition to payroll taxes, Brooke elects to contribute 4% monthly to United Way. ABC also deducts $150 monthly for co-payment of the health insurance premium. As of September 30, Brooke had $111,600 of cumulative eamings. (Click the icon to view payroll tax rate information.) Read the reauirements. Requirement 1. Compute Brooke's net pay for October. (Round all amounts to the nearest cent.) Withholding deductions: Tools Net (take-home) pay Choose from any list or enter any number in the input fields and then click Check Answer Check Answer Clear All parts remaining An 10 80 F6 F4 F3 %23 9. 4 D. Brooke's More Info For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee: OASDI: 6.2% on first $118,500 earmed; Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000. OASDI: 6.2% on first $118,500 earned; Medicare: 1.45% on all earnings; FUTA: 0.6% on first $7,000 earned; SUTA: 5.4% on first $7,000 earned. Employer: Print Done ABC all year and earns a monthly salary of $12,400. There is no overtime pay. Brooke's income tax withholding rate is poke elects to contribute 4% monthly to United Way. ABC also deducts $150 monthly for co-payment of the health insu $111,600 of cumulative earnings. yroll tax rate information.) Brooke's net pay for October. (Round all amounts to the nearest cent.) iRequirements 1. Compute Brooke's net pay for October. 2. Journalize the accrual of salaries expense and the payment related to the employment of Brooke Bennington. Done Print st or enter any number in the input fields and then click Check Answer. Check Answer Clear All
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