Teton Tours in Evanston, Wyoming, has six employees who are paid on a biweekly basis. Calculate the

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Teton Tours in Evanston, Wyoming, has six employees who are paid on a biweekly basis. Calculate the net pay from the information provided for the July 16 pay date. Assume that all wages are subject to Social Security and Medicare taxes. Use the wage-bracket tables in Appendix C to determine the federal income tax withholding. You do not need to complete the number of hours. No one has checked the box in Step 2, and there is no additional information in Step 4.

a. A. Bowman Married/Joint, two dependents <17 Annual pay $36,320 401(k) deduction: 2 percent of gross pay per pay period

b. J. Raz Single, no dependents Annual pay: $46,350 401(k) deduction: $220 per pay period

c. G. Koskoris Single, one dependent <17, one other dependent Annual pay: $55,120 Section 125 deduction: $25 per pay period 401(k) deduction: $150 per pay period

d. S. Hays-Smith Married/Joint, three dependents <17 Annual pay: $40,820 United Way deduction: $25 per pay period Garnishment: $75 per period

e. H. Inhofe Married/Joint, no dependents Annual pay: $55,000 Section 125 deduction: $100 per period 401(k) deduction: 4 percent of gross pay

f. D. Wong Single, one other dependent Annual pay: $38,600 401(k) deduction: $120 per period

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Payroll Accounting 2023

ISBN: 9781264415618

9th Edition

Authors: Jeanette M. Landin, Paulette Schirmer

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