The following salaried employees of Mountain Stone Brewery in Fort Collins, Colorado, are paid semimonthly. Some employe union dues or garnishments deducted from their pay. Required: Calculate their net pay using the percentage method for manual payroll systems with Forms W-4 from 2020 or later in Appenc determine federal income tax. Assume box 2 is not checked for any employee. Include Colorado income tax of 4.55 percent o pay. No employee has exceeded the maximum FICA limit. (Round your intermediate calculations and final answers to 2 deci places.) Employee S. Bergstrom C. Pare L Van der Hooven S Lightfoot Filing Status, Dependents MJ-0 MJ-2 (<17) S-1 (Other) MJ-0 Union Dues per Period Pay $ 1,730 $ 3,560 $ $ 3,285 $ $ 2.910 Garnishment per Period 120 240 $ S 50 75 100 Net Pay
The following salaried employees of Mountain Stone Brewery in Fort Collins, Colorado, are paid semimonthly. Some employe union dues or garnishments deducted from their pay. Required: Calculate their net pay using the percentage method for manual payroll systems with Forms W-4 from 2020 or later in Appenc determine federal income tax. Assume box 2 is not checked for any employee. Include Colorado income tax of 4.55 percent o pay. No employee has exceeded the maximum FICA limit. (Round your intermediate calculations and final answers to 2 deci places.) Employee S. Bergstrom C. Pare L Van der Hooven S Lightfoot Filing Status, Dependents MJ-0 MJ-2 (<17) S-1 (Other) MJ-0 Union Dues per Period Pay $ 1,730 $ 3,560 $ $ 3,285 $ $ 2.910 Garnishment per Period 120 240 $ S 50 75 100 Net Pay
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 10PA: Lemur Corp. is going to pay three employees a year-end bonus. The amount of the year-end bonus and...
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