Question: Re Requlred: Compute the net pay for Cyra Khan and Kumi Tanaka. Assume that they are paid a ( $ 2 , 5
Re Requlred:
Compute the net pay for Cyra Khan and Kumi Tanaka. Assume that they are paid a $ salary weekly, subject to federal income tax use the percentage method for manual payroll systems with Forms W from or later in Appendix C and FICA taxes and have no other deductions from their pay. They have a state tax rate of percent. If they choose to participate in the cafeteria plan, the deduction for the pay period is $ ; otherwise, there is no deduction for the cafeteria plan. The cafeteria plan qualifies under Section You do not need to complete the number of hours. Additional information for Kahn: Box is not checked, and the dependents are under
Note: Round your Intermediate calculations and final answers to mathbf decimal places.
begintabularllllllllllll
hline Name & Filing Status & Dependents & Hourly Rate or Period Wage & Number of Regular Hours & Number of Overtime Hours & Number of Holiday Hours & Commissions & Gross Earnings & Section & Taxable Wages for Federal or State WH & Taxable Wages for FICA
hline Cyra Khanno cafeteria plan & MJ & & $ & & & & & $ & $ & $ & $
hline Cyra Khancafeteria plan & MJ & & $ & & & & & $ & $ & $ & $
hline Kumi Tanakano cafeteria plan & s & & $ & & & & & $ & $ & $ & $
hline Kumi Tanakacafeteria plan & s & & $ & & & & & $ & $ & $ & $
hline Name & Gross Earnings & Taxable Wages for Federal or State WH & Taxable Wages for FICA & Federal WH & Social Security Tax & Medicare WH Tax & State WH Tax & & multicolumncmultirow
hline Cyra Khanno cafeteria plan & $ & $ & $ & & $ & $ & $ & & & &
hline Cyra Khancafeteria plan & $ & $ & $ & & $ & $ & $ & & & &
hline Kumi Tanakano cafeteria plan & $ & $ & $ & & $ & $ & $ & & & &
hline Kumi Tanakacafeteria plan & $ & $ & $ & & $ & $ & $ & & & &
hline
endtabular
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