%24 %24 %24 You are the payroll manager for a resort. Your daughter (Hanna Boxwood) is the marketing director earning a salary of $38,400 per year, payable monthly. She is married and claims three withholding allowances. Her social security number is 888-88-8888. In addition to federal income tax, social security, and Medicare, Hanna pays 2.4% state income tax, % for state disability insurance (both based on gross earnings), $35.86 for term life insurance, $136.57 to the credit union, and $20 to the United Way. Fill out the following payroll voucher for Hanna for the month of March. (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 Filing Status: ---Select--- v SSN: Withholding Allowances: Full-time Pay Period From ---Select--- v to ---Select--- v Primary Withholdings: Additional Withholdings: Federal income tax 24 Term life Social Security 24 Credit union Medicare United Way 24 State income tax 24 State disability Gross earnings: $ Total withholdings: $ NET PAY $

%24 %24 %24 You are the payroll manager for a resort. Your daughter (Hanna Boxwood) is the marketing director earning a salary of $38,400 per year, payable monthly. She is married and claims three withholding allowances. Her social security number is 888-88-8888. In addition to federal income tax, social security, and Medicare, Hanna pays 2.4% state income tax, % for state disability insurance (both based on gross earnings), $35.86 for term life insurance, $136.57 to the credit union, and $20 to the United Way. Fill out the following payroll voucher for Hanna for the month of March. (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 Filing Status: ---Select--- v SSN: Withholding Allowances: Full-time Pay Period From ---Select--- v to ---Select--- v Primary Withholdings: Additional Withholdings: Federal income tax 24 Term life Social Security 24 Credit union Medicare United Way 24 State income tax 24 State disability Gross earnings: $ Total withholdings: $ NET PAY $

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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