Question: B. Complete a partial 5-week employee earnings record for Joseph Craig. OBJECTIVES 2, 3 Compute the deductions, net pay, and accumulated gross earnings for each

B. Complete a partial 5-week employee earnings record for Joseph Craig. OBJECTIVES 2, 3 Compute the deductions, net pay, and accumulated gross earnings for each weekly pay period. Assume that Joseph is single and that $28.25 was withheld for medical insurance (pre-tax) and $20 for his United Way contribution. Use the wage bracket method to determine federal income tax. Gross Earnings Allow. Medicare Fed. Inc. Social Tax Security 6.2% Net Pay Total Deductions Medical United Insurance Way Pre-tax Accum. Gross Earnings $1,558.90 1.45% 6. 650.95 1 7. 688.10 1 8. 700.25 1 9. 610.40 0 10. 685.50 0 B. Complete a partial 5-week employee earnings record for Joseph Craig. OBJECTIVES 2, 3 Compute the deductions, net pay, and accumulated gross earnings for each weekly pay period. Assume that Joseph is single and that $28.25 was withheld for medical insurance (pre-tax) and $20 for his United Way contribution. Use the wage bracket method to determine federal income tax. Gross Earnings Allow. Medicare Fed. Inc. Social Tax Security 6.2% Net Pay Total Deductions Medical United Insurance Way Pre-tax Accum. Gross Earnings $1,558.90 1.45% 6. 650.95 1 7. 688.10 1 8. 700.25 1 9. 610.40 0 10. 685.50 0
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
