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You are the payroll manager for a resort. Your daughter (Sally Boxwood) is the marketing director earning a salary of $45,600 per year, payable monthly.
You are the payroll manager for a resort. Your daughter (Sally Boxwood) is the marketing director earning a salary of $45,600 per year, payable monthly. She is married and claims four withholding allowances. Her social security number is 777-77-7777. In addition to federal income tax, social security, and Medicare, Sally pays 2.4% state income tax, for state disability insurance (both based on gross earnings), $32.76 for term life insurance, $139.47 to the credit union, and $30 to the United Way. Fill out the following payroll voucher for Sally for the month of May. (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.) Payroll Voucher Employee Tax Fling Status Married Sally Boxwood 777-77-7777 SSN Withholding Allowances Full-time Pay Period From May to May 31 Primary Withholdings: Additional Withholdings: Federal income tax $382.40 X Term life $ 32.76 Social Security $ Credit union $ 139.47 Medicare $ United Way $ 30 > State income tax $ State disability Gross eamings: $ Total withholdings: 5 NET PAYS
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