You are the payroll manager for a resort. Your daughter (Sally Boxwood) is the marketing director earning
Question:
You are the payroll manager for a resort. Your daughter (Sally Boxwood) is the marketing director earning a salary of $40,800 per year, payable monthly. She is married and claims three withholding allowances. Her social security number is 222-22-2222. In addition to federal income tax, social security, and Medicare, Sally pays 2.4% state income tax, 1 2 % for state disability insurance (both based on gross earnings), $33.58 for term life insurance, $136.84 to the credit union, and $20 to the United Way. Fill out the following payroll voucher for Sally for the month of January. (Use Exhibit 9-1 and Exhibit 9-2 from your text. Social Security Tax is 6.2% of gross wages up to $128,400. Medicare Tax is 1.45% of all gross wages. ) Payroll Voucher Employee: Tax Filing Status: SSN: Withholding Allowances: Full-time Pay Period From to Primary Withholdings: Additional Withholdings: Federal income tax $ Term life $ Social Security $ Credit union $ Medicare $ United Way $ State income tax $ State disability $ Gross earnings: $ − Total withholdings: $ NET PAY $?
