are Kathleen Garza's regular hourly wage rate is $16, and she receives a wage...

50.1K

Verified Solution

Question

Accounting

imageimage

are Kathleen 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, Kathleen worked 42 hours. Her gross earnings prior to the current week were $5.600. Kathleen is married and claims three withholding allowances. Her only voluntary deduction is for group hospitalization insurance at $20 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- At o | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 than The amount of income tax to be withheld is- 500 510 34 19 11 510 520 35 12 21 30 540 550 31 23 But less least 27 4 5 0 20 28 29 520 530 530 540 37 38 40 0 13 14 15 6 7 8 2 0 0 0 550 560 570 580 590 560 570 580 590 600 41 43 44 46 47 32 33 34 35 36 24 25 26 27 28 16 17 18 19 20 9 10 11 12 13 1 2 3 4 5 600 610 620 630 640 610 620 630 640 650 49 50 52 53 55 38 39 41 42 44 29 30 31 32 33 21 22 23 24 25 14 15 16 17 18 6 7 8 9 10 1 2 3 650 660 670 680 690 660 670 680 690 700 56 58 59 61 62 45 47 48 50 51 34 35 37 38 40 26 27 28 29 30 19 20 21 2 23 11 12 13 14 15 4 5 6 7 Poooo Compute the following amounts for Kathleen'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 20% rate.) $ $ $ (5) Net pay. A

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students