Homework Answers
| Net pay: | ||||||
| $ | $ | |||||
| Gross earnings | 1302 | |||||
| Less: | ||||||
| Federal income tax withholdings | 234.36 | |||||
| Social security tax | (1302*6%) | 78.12 | ||||
| Medicare tax | (1302*1.5%) | 19.53 | 332.01 | |||
| Net pay | 969.99 | |||||
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Proceeds from Notes Payable On May 15, Maynard Co. borrowed cash from Texas Bank by issuing...
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