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Use Table 10-3 and Table 10-4 from your textbook to answer the following question. The total monthly wages of four employees are listed below. Determine
Use Table 10-3 and Table 10-4 from your textbook to answer the following question.
The total monthly wages of four employees are listed below. Determine the amount of the deductions and the net pay due to each employee. Use 6.2% for Social Security and 1.45% for Medicare tax deductions, and use the percentage method for federal income tax withholding. Determine the deductions and totals. Round all computations to the nearest cent.
Deductions | ||||||||
Name | Marital Status | W/H Allow. | Total Wages | Social Security | Medicare | Federal Income Tax | Total | Net Pay |
Ali, Kyber | S | 1 | $4,300.00 | $ | $ | $ | $ | $ |
Dawson, William | M | 3 | 3,520.00 | $ | $ | $ | $ | $ |
Rivers, Lydia | S | 0 | 3,250.00 | $ | $ | $ | $ | $ |
Stevenson, Robert | M | 2 | 3,400.00 | $ | $ | $ | $ | $ |
Totals | $ | $ | $ | $ | $ | $ |
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