James Kolen, an employee of Smart Touch Learning, earned $128,600 prior to December. Kolen's salary for December is $10,000. Kolen authorized a $180 payment for health insurance and a $20 contribution to United Way. Employee income tax is assumed to be 20% of gross pay. 

Calculate Kolen's Gross Pay and Net Pay. Include all amounts withheld from his paycheck. (OASDI 6.2% Wage base $147,000, Medicare 1.45% up to $200,000, then an additional .9% - no maximum.

Answer rating: 100% (QA)

Lets calculate each component 1 Social Security OASDI withholding OASDI has a wage ... View the full answer