2. Jonathan Olsen earns $9.10/hour, and worked 47 hours during the most recent week. He participates in a cafeteria plan, to which he pays $100 each period. Jonathan Olsen is single, claims two federal withholding allowances, and one state withholding allowance. Jonathan Olsen voluntarily deducts a charitable contribution of $10 each pay period. His year-to-date taxable earnings for Social Security tax, prior to the current pay period, are $31,550, and he is paid with check #0501.
2. Jonathan Olsen earns $9.10/hour, and worked 47 hours during the most recent week. He participates in a cafeteria plan, to which he pays $100 each period. Jonathan Olsen is single, claims two federal withholding allowances, and one state withholding allowance. Jonathan Olsen voluntarily deducts a charitable contribution of $10 each pay period. His year-to-date taxable earnings for Social Security tax, prior to the current pay period, are $31,550, and he is paid with check #0501.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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I need help getting the answers to the Social Security, Medicare, Vol. Withholding, and Net pay for #2!!!
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