Question
You are the payroll manager for a resort. Your daughter (Diana Boxwood) is the marketing director earning a salary of $40,800 per year, payable monthly.
You are the payroll manager for a resort. Your daughter (Diana Boxwood) is the marketing director earning a salary of $40,800 per year, payable monthly. She is married and claims three withholding allowances. Her social security number is 999-99-9999.
In addition to federal income tax, social security, and Medicare, Diana pays 2.4% state income tax, 1/2% for state disability insurance (both based on gross earnings), $31.63 for term life insurance, $131.93 to the credit union, and $20 to the United Way.
Fill out the following payroll voucher for Diana for the month of November. (Use Exhibit 9-1 and Exhibit 9-2 from your text. Social Security Tax is 6.2% of gross wages up to $128,400. Medicare Tax is 1.45% of all gross wages.)
Employee: | Diana Boxwood | Tax Filing Status: | ---Select--- Married | ||||||||||||
SSN: | 999-99-9999 | Withholding Allowances: | |||||||||||||
Primary Withholdings: | Additional Withholdings: | ||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Federal income tax | $ | Term life | $ 31.63 | ||||||||||||
Social Security | $ 2529.60 | Credit union | $ 131.93 | ||||||||||||
Medicare | $ 591.60 | United Way | $ 20 | ||||||||||||
State income tax | $ 979.20 | ||||||||||||||
State disability | $ 204 | ||||||||||||||
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