QS 9-14A Net pay and tax computations LO P5 The payroll records of Speedy Software...
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QS 9-14A Net pay and tax computations LO P5 The payroll records of Speedy Software show the following information about Marsha Gottschalk, an employee, for the weekly pay period ending September 30. Gottschalk is single and claims one allowance Compute her Social Security tax (6.2%), Medicare tax (1.45%), federal income tax withholding (use the withholding table in Exhibit 9A6), state income tax (1.0%), and net pay for the current pay period. (Round your final answers to 2 decimal places.) Total (gros) earnings for current pay period Cumulative earnings of previous pay periods $ 615 $7.995 Gross pay Social security tax deduction Medicare tax deduction Federal income tax deduction State income tax deduction Total deductions Net pay

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