Compute the deductions, net pay, and accumulated gross earnings. Assume that Christina is married and that...

Compute the deductions, net pay, and accumulated gross earnings. Assume that Christina is married and that $40.50 (pre-tax) was withheld for medical insurance and $15 for union dues each week. Use the wage bracket method to determine federal income tax. Round answers to the nearest hundredth. Gross Earnings (786.95) Allow.(2) Fed. Inc. Tax Social Security Medicare Medical Insurance Union Dues Total Deductions Net Pay Accum. Gross Earnings 6.2% 1.45% Pre-tax $5,055.71

Expert Solution

Particulars	Amount	Amount
Gross pay		786.95
Deductions:
Federal income tax Taxable income = 786.95-2*80.80	81.93
Social security	48.79
Medicare	11.41
Insurance	40.50
Union dues	15.00
Total deductions	197.64	(197.64)
Net pay		589.31

Accumulated gross earnings = 786.95 + 5,055.71 = 5,842.66

please rate.

ekkarill92 answered 1 year ago

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