In: Accounting
Using the income tax withholding table in Figure 3, for each employee of Miller Company, determine the net pay for the week ended January 21. Assume a Social Security tax of 6.2 percent and a Medicare tax of 1.45 percent. All employees have cumulative earnings, including this pay period, of less than $118,500. Assume that all employees are married. If required, round your answers to the nearest cent and use the rounded answers in subsequent computations.
Employee |
Allowances |
Total Earnings |
Federal Income Tax Withheld |
Social Security Tax Withheld |
Medicare Tax Withheld |
Union Dues Withheld |
United Way Contribution |
Net Pay |
a. Aston, F. B. | 1 | $900.00 | $ | $ | $ | $30 | $35 | $ |
b. Dwyer, S. J. | 2 | 915.00 | 30 | 35 | ||||
c. Flynn, K. A. | 3 | 1,100.00 | 30 | 40 | ||||
d. Harden, J. L. | 0 | 1,040.00 | 30 | 40 | ||||
e. Nguyen, H. | 2 | 925.00 | 30 | 35 | ||||
Totals | $4,880.00 | $ | $ | $ | $150 | $185 | $ |
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