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In: Finance

The following 3 employees are PAID monthly and this is the last payday of the year (Dec).

The following 3 employees are PAID monthly and this is the last payday of the year (Dec).

 

 

Solutions

Expert Solution

 

 

Emlie D.

Gross Pay: $14,000
Federal W/H: $922.50
State W/H: $617.50
FICA W/H: $1,112.00
401K: $500
Medical: $400
Net Pay: $10,558.00

Form 941 W/H: $2,034.50
W2 W/H: $2,540.00


Kaira J.

Gross Pay: $12,750
Federal W/H: $807.50
State W/H: $535.63
FICA W/H: $956.25
401K: $300
Net Pay: $10,151.63

Form 941 W/H: $1,763.75
W2 W/H: $2,343.13


Eric W.

Gross Pay: $5,100
Federal W/H: $323.50
State W/H: $211.88
FICA W/H: $388.00
401K: $100
Medical: $90
Net Pay: $4,087.62

Form 941 W/H: $711.50
W2 W/H


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