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What is Marys Net pay? Please Prepare Journal Entry in the companys books to record Marys Payroll. Mary is single and earned a salary of
What is Marys Net pay?
Mary is single and earned a salary of $145,000 as an Internal Auditor in 2017. Please calculate Mary's 2017 Net Pay. Gross Pay $ 145,000.00 Social Security Medicare Federal Income Tax (FIT) State Income Tax (SIT) Union Dues Contributions to Church Total Deductions 777 272 12,340.00 11,150.00 600.00 5,000.00 Net Pay Note: 2017 Social Security rate is 6.2% (0.062) 2017 Medicare rate is 1.45% (0.0145) 2017 Social Security threshold is $127,200 What is Mary's net Pay? (Note: No need to show the calculations). This is a follow-up from Question 6. Please prepare the Journal Entry in the Company's books to record Mary's Payroll Please Prepare Journal Entry in the companys books to record Marys Payroll.
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