Question

Use Table 10-3 and Table 10-4 from your textbook to answer the following question. The total...

Use Table 10-3 and Table 10-4 from your textbook to answer the following question.

The total monthly wages of four employees are listed below. Determine the amount of the deductions and the net pay due to each employee. Use 6.2% for Social Security and 1.45% for Medicare tax deductions, and use the percentage method for federal income tax withholding. Determine the deductions and totals. Round all computations to the nearest cent.

Deductions
Name Marital Status W/H Allow. Total Wages Social Security Medicare Federal Income Tax Total Net Pay
Ali, Kyber S 1 $4,300.00 $ $ $ $ $
Dawson, William M 3 3,520.00 $ $ $ $ $
Rivers, Lydia S 0 3,250.00 $ $ $ $ $
Stevenson, Robert M 2 3,400.00 $ $ $ $ $
Totals $ $ $ $ $ $
0 0
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Answer #1
Deductions
Name Marital Status W/H Allow. Total Wages Social Security Medicare Federal Income Tax Total Net Pay
Ali, Kyber S 1 $4,300.00 $266.60 $62.35 $600.40 $929.35 $3,370.65
Dawson, William M 3 3,520.00 $218.24 $51.04 $198.61 $467.89 $3,052.11
Rivers, Lydia S 0 3,250.00 $201.50 $47.13 $421.50 $670.13 $2,579.88
Stevenson, Robert M 2 3,400.00 $210.80 $49.30 $229.99 $490.09 $2,909.91
Totals $14,470.00 $897.14 $209.82 $1,450.50 $2,557.46 $11,912.55
Federal Income Tax Marital Status Gross Earnings W/H Allow. Withhoding allowance Total withholding amt Amount subect to withholding Federal Income Tax
Ali, Kyber S $4,300.00 1 329.2 329.2 $3,970.80 $600.40
Dawson, William M $3,520.00 3 329.2 987.6 $2,532.40 $198.61
Rivers, Lydia S $3,250.00 0 329.2 0 $3,250.00 $421.50
Stevenson, Robert M $3,400.00 2 329.2 658.4 $2,741.60 $229.99

1 Use Table 10-3 and Table 10-4 from your textbook to answer 2 The total monthly wages of four employees are listed below. De

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