Find all the deductions asked for, and the final net pay. Social Security is 6.2% of...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Find all the deductions asked for, and the final net pay. Social Security is 6.2% of the first $97,500. Medicare is 1.45% of all income. Use the tax tables on pages 6-7 for federal tax. The state tax is 2% of gross pay, and the local tax is 1.5% of gross pay. 1. Terrence Hall is single and claims one allowance. Check Number Gross Pay Net Pay Dept Employee 23 Terence Hall 463 $598.00 f FIT SS Medicare State Local Others Medical Union Dues b. $15.50 $14.00 $6.00 2. Jeri Lammers, a part-time teller at Second State Bank, is married and claims 3 allowances. Employee Check Number Gross Pay Net Pay Dept 448 Jeri Lammers 3205 Medicare FIT SS $735.00 f State d. Local Medical Union Dues Others $32.00 b. C. 3. Lynn Golding is employed as a payroll supervisor and earns $18 per hour. In this most recent pay period, she worked 40 hours. She is married and claims 6 allowances. The state tax is 3.0% of gross earnings, and the local tax is 1.5% of gross earnings. Lynn pays $35 for medical insurance and $17 in union dues. Dept Employee PAYR Lynn Golding Check Number Gross Pay Net Pay 355-5887-01 a i.l FIT SS Medicare State Local Medical Union Dues Others C 0.00 lifelong The d. e. Find all the deductions asked for, and the final net pay. Social Security is 6.2% of the first $97,500. Medicare is 1.45% of all income. Use the tax tables on pages 6-7 for federal tax. The state tax is 2% of gross pay, and the local tax is 1.5% of gross pay. 1. Terrence Hall is single and claims one allowance. Check Number Gross Pay Net Pay Dept Employee 23 Terence Hall 463 $598.00 f FIT SS Medicare State Local Others Medical Union Dues b. $15.50 $14.00 $6.00 2. Jeri Lammers, a part-time teller at Second State Bank, is married and claims 3 allowances. Employee Check Number Gross Pay Net Pay Dept 448 Jeri Lammers 3205 Medicare FIT SS $735.00 f State d. Local Medical Union Dues Others $32.00 b. C. 3. Lynn Golding is employed as a payroll supervisor and earns $18 per hour. In this most recent pay period, she worked 40 hours. She is married and claims 6 allowances. The state tax is 3.0% of gross earnings, and the local tax is 1.5% of gross earnings. Lynn pays $35 for medical insurance and $17 in union dues. Dept Employee PAYR Lynn Golding Check Number Gross Pay Net Pay 355-5887-01 a i.l FIT SS Medicare State Local Medical Union Dues Others C 0.00 lifelong The d. e.
Expert Answer:
Answer rating: 100% (QA)
Q1 Terrence Hall Dept Employee Check Number Gross Pay Net Pay 23 Terence Hall 463 59800 43682 FIT SS Medicare State Local Medical Union d Workings Soc... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
A company has gross payroll of $30,000; federal income tax withheld of $6,000; and FICA (social security) taxes and Medicare taxes withheld of $2,295. 1. How much will the balance sheet show for...
-
Social Security is funded through a payroll tax that is separate from the federal income tax. It works in a way similar to the following example: For the first $1,800 in weekly earnings, the...
-
In 1991, Social Security and Medicare taxes were itemized separately on paycheck stubs and tax forms for the first time. The table on the right gives a historical look at Social Security and Medicare...
-
As an HR director for IMF Plastics Manufacturing, you receive a phone call about communicating changes made by the company to provide additional shifts.As soon as the call ends, you begin the process...
-
Perform a simulation of a student guessing on a true/false quiz with 10 questions. Use the same four lines of the random number table that are given for the preceding question. Write out each of the...
-
What are the differences and similarities between a line chart and an X Y (Scatter) chart? When should you use each one?
-
The cost of reworking defective products before shipping to customers would be classified as which type of quality costs? a. Prevention cost b. Appraisal cost c. Internal failure cost d. External...
-
Compare Norms recollection of the divisions productivity gains between 1985 and 1989 to Exhibit 2. Explain the inconsistency. MINI CASE As Norm St. Laurent, operations manager for Oilwell Cable...
-
3. A particle of mass m is moving in the xy-plane such that its velocity at a point (x, y) is given as v = a(yx+2xy), where a is a non-zero constant. What is the force F acting on the particle? (A) F...
-
Kitchen World Inc. is a Canadian controlled private corporation (CCPC) that operates a retail business selling cooking utensils, knives and small appliances for both professional chefs and home...
-
Assume that the alternating Swap Bond and Forward rates observed for the next 10 years are: Year 1 2345 2 4 Swap Rates 1.5000% 2.5000% 3.2500% Forward Rates 2.5126% 4.6200% Swap Forward Rates 3.5810%...
-
Use the table (of made up data) to answer the following questions. 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Year 414 2,597 374 14,343 15,389 88,003 6,605 712 88,011 1,790...
-
On May 2 6 , 2 0 2 0 , the Kearney Corp. recorded a credit sale for $ 2 9 9 , 7 3 0 . The state in which Kearney operates has a 3 % sales tax, and Kearney does not segregate sales tax at the time of...
-
Calculate (3x + x) dx, given the following. 169 45 xx= 305 x0x = 89 xdx = 5 dx 3 3 2 2
-
In 2 0 2 0 , the Wisner Corp. recorded credit sales of $ 4 2 7 , 3 0 5 . The state in which Wisner operates has a 4 % sales tax, and Wisner does segregate sales tax at the time of sale. In 2 0 2 0 ,...
-
Evaluate S fal x ln (1+x) dx.
-
Eco Ltd (Eco) has been set up as a joint venture by Enviro Ltd (Enviro) (a non-profit company that promotes education and research into environmentally friendly products) and WP Pty Ltd (which...
-
Could a set of three vectors in span all of? Explain. What about n vectors in when n is less than m? R4
-
Quiz scores: The following frequency histogram presents the scores on a recent statistics quiz in a class of 50 students. a. What is the most frequent score? b. How many students scored less than 6?...
-
What's the news? The Pew Research Center reported in 2012 that 23% of 18- to 29-year-olds watch a cable news channel regularly. The director of media relations at a large university wants to know...
-
Can you conclude ate the a = 0.05 level that the median number of species for a retention time of 30 days differs from the median for retention time of 12 days? Compute the appropriate test...
-
As part of a study of the relationship between brain size and IQ, a random sample of 250 adult males is obtained and their brain volumes are measured and found to be normally distributed. Decide...
-
A sample of 2,000 women is randomly selected, and it is found that the heights of the women are normally distributed with a mean of 63.6 in. Decide whether the statement makes sense (or is clearly...
-
The lengths of time that commercial aircraft are delayed before departing. State whether you would expect it to be normally distributed. Explain your reasoning.
Study smarter with the SolutionInn App