Question: View Policies -/2.5 Current Attempt in Progress Karolin Garza's regular hourly wage rate is $16, and she receives a wage of 1% times the regular





View Policies -/2.5 Current Attempt in Progress Karolin Garza's regular hourly wage rate is $16, and she receives a wage of 1% times the regular hourly rate for work in excess of 40 hours. During a March weekly pay period, Karolin worked 42 hours. Her gross earnings prior to the current week were $5,200. Karolin is married and claims three withholding allowances. Her only voluntary deduction is for group hospitalization insurance at $26 per week. All earnings are subject to Social Security tax. MARRIED Persons - WEEKLY Payroll Period (For Wages Paid through December 2017) If the wages And the number of withholding allowances claimed is - are - 0 1 2 3 4 5 6 7 8 8 9 10 At least But less than The amount of income tax to be withheld is - 500 510 34 | 2719 1911 4 0 0 0 0 0 0 510 520 35 28 2012 5 0 0 0 0 0 520 530 372921 13 6 0 0 0 0 O 540 7 38 30 22 14 0 530 0 0 0 10/22 O i Search e MARRIED Persons - WEEKLY Payroll Period -12. (For Wages Paid through December 2017) If the wages are - And the number of withholding allowances claimed is - 0 At least 1 But less than 2 3 45 6 7 8 9 10 The amount of income tax to be withheld is - -- 500 510 34 27 19 11 - 4 0 0 0 O 0 0 0 510 520 35 28 20 12 5 5 0 0 0 0 0 0 0 0 0 520 530 372921 13 6 0 0 0 0 0 530 540 38 30 | 22 14 7 0 O 0 0 0 0 0 540 550 40 31 23 15 8 0 0 0 0 0 0 0 550 560 41 32 24 16 1 0 0 0 570 43 33 25 17 | 10 560 99 1 2 0 0 0 0 3 O 1811 0 0 0 570 580 44 34 26 o ** e Type here to search 0 - 0 4 0 0 0 580 590 46 35 27 19 12 5 0 0 0 o 0 590 600 47 36 28 2013 0 0 0 0 6 610 49 3829 21 14 600 0 0 0 15 7 7 0 610 620 50393022 0 0 0 16 co 1 8 620 630 52413123 41 31 23 0 0 2 0 53 42 32 24 24 17 9 630 640 0 0 0 3 o o o o o o o o o 5544 44 33 25 18 10 640 650 0 0 0 0 4 56 45 34 26 19 11 0 660 650 0 0 0 670 58 47 35 27 20 12 5 0 0 0 0 660 0 6 59 48 37 28 21 13 | | 680 0 0 670 0 7 . 0 61 50 38 29 22 14 690 0 0 0 0 8 680 690 700 62 51 40 30 2315 -/2.5 Compute the following amounts for Karolin's wages for the current week. (Round FICA taxes, State income taxes and Net pay answers to 2 decimal places, eg. 52.55.) (1) Gross earnings. $ (2) FICA taxes. (The 7.65% FICA tax rate consists of the Social Security tax rate of 6.2% on salaries and wages up to $128,400 and the Medicare tax rate of 1.45% on all salaries and wages.) $ (3) Federal income taxes withheld. $ $ (4) State income taxes withheld. (Assume a 2.0% rate.) $ (5) Net pay e Textbook and Media List of Accounts 2.) Account Titles and Explanation Debit Credit e Textbook and Media
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