Using the income tax withholding table in Figure 3, for each employee of Miller Company, determine the net pay for the week ended January 21. Assume a Social Security tax of 6.2 percent and a Medicare tax of 1.45 percent. All employees have cumulative earnings, including this pay period, of less than $118,500. Assume that all employees are married. If required, round your answers to the nearest cent and use the rounded answers in subsequent computations. Employee Allowances Total Earnings Federal Income Tax Withheld Social Security Tax Withheld Medicare Tax Withheld Union Dues Withheld United Way Contribution Net Pay a. Aston, F. B. 1 $900.00 $fill in the blank 1 $fill in the blank 2 $fill in the blank 3 $25.00 $35.00 $fill in the blank 4 b. Dwyer, S. J. 2 920.00 fill in the blank 5 fill in the blank 6 fill in the blank 7 25.00 35.00 fill in the blank 8 c. Flynn, K. A. 3 1,110.00 fill in the blank 9 fill in the blank 10 fill in the blank 11 25.00 40.00 fill in the blank 12 d. Harden, J. L. 0 1,025.00 fill in the blank 13 fill in the blank 14 fill in the blank 15 25.00 40.00 fill in the blank 16 e. Nguyen, H. 2 925.00 fill in the blank 17 fill in the blank 18 fill in the blank 19 25.00 35.00 fill in the blank 20 Totals $4,880.00 $fill in the blank 21 $fill in the blank 22 $fill in the blank 23 $125.00 $185.00 $fill in the blank 24 Feedback Area Feedback
Using the income tax withholding table in Figure 3, for each employee of Miller Company, determine the net pay for the week ended January 21. Assume a Social Security tax of 6.2 percent and a Medicare tax of 1.45 percent. All employees have cumulative earnings, including this pay period, of less than $118,500. Assume that all employees are married. If required, round your answers to the nearest cent and use the rounded answers in subsequent computations. Employee Allowances Total Earnings Federal Income Tax Withheld Social Security Tax Withheld Medicare Tax Withheld Union Dues Withheld United Way Contribution Net Pay a. Aston, F. B. 1 $900.00 $fill in the blank 1 $fill in the blank 2 $fill in the blank 3 $25.00 $35.00 $fill in the blank 4 b. Dwyer, S. J. 2 920.00 fill in the blank 5 fill in the blank 6 fill in the blank 7 25.00 35.00 fill in the blank 8 c. Flynn, K. A. 3 1,110.00 fill in the blank 9 fill in the blank 10 fill in the blank 11 25.00 40.00 fill in the blank 12 d. Harden, J. L. 0 1,025.00 fill in the blank 13 fill in the blank 14 fill in the blank 15 25.00 40.00 fill in the blank 16 e. Nguyen, H. 2 925.00 fill in the blank 17 fill in the blank 18 fill in the blank 19 25.00 35.00 fill in the blank 20 Totals $4,880.00 $fill in the blank 21 $fill in the blank 22 $fill in the blank 23 $125.00 $185.00 $fill in the blank 24 Feedback Area Feedback
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Using the income tax withholding table in Figure 3, for each employee of Miller Company, determine the net pay for the week ended January 21. Assume a Social Security tax of 6.2 percent and a Medicare tax of 1.45 percent. All employees have cumulative earnings, including this pay period, of less than $118,500. Assume that all employees are married. If required, round your answers to the nearest cent and use the rounded answers in subsequent computations.
Employee |
Allowances |
Total Earnings |
Federal Income Tax Withheld |
Social Security Tax Withheld |
Medicare Tax Withheld |
Union Dues Withheld |
United Way Contribution |
Net Pay |
| a. Aston, F. B. | 1 | $900.00 | $fill in the blank 1 | $fill in the blank 2 | $fill in the blank 3 | $25.00 | $35.00 | $fill in the blank 4 |
| b. Dwyer, S. J. | 2 | 920.00 | fill in the blank 5 | fill in the blank 6 | fill in the blank 7 | 25.00 | 35.00 | fill in the blank 8 |
| c. Flynn, K. A. | 3 | 1,110.00 | fill in the blank 9 | fill in the blank 10 | fill in the blank 11 | 25.00 | 40.00 | fill in the blank 12 |
| d. Harden, J. L. | 0 | 1,025.00 | fill in the blank 13 | fill in the blank 14 | fill in the blank 15 | 25.00 | 40.00 | fill in the blank 16 |
| e. Nguyen, H. | 2 | 925.00 | fill in the blank 17 | fill in the blank 18 | fill in the blank 19 | 25.00 | 35.00 | fill in the blank 20 |
| Totals | $4,880.00 | $fill in the blank 21 | $fill in the blank 22 | $fill in the blank 23 | $125.00 | $185.00 | $fill in the blank 24 |
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