Compute the following amounts for Maria's wages for the current week. (Round FICA taxes, State income taxes and Net pay answers to 2 decimal places, e.g. 52.55.) (1) Gross earnings. $1 (2) FICA taxes. (Assume a 7.65% rate on maximum of $127,200.) $1 (3) Federal income taxes withheld. $1 (4) State income taxes withheld. (Assume a 2.0% rate.) $4 (5) Net pay. $1

College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter8: Payroll Accounting: Employee Earnings And Deductions
Section: Chapter Questions
Problem 1CE
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CALCULATOR
FULL SCREEN
PRINTER VERSION
| ВАCK
NEXT
640
650
55
44
33
25
18
10
650
660
56
45
34
26
19
11
4
660
670
58
47
35
27
20
12
5
670
680
59
48
37
28
21
13
6.
680
690
61
50
38
29
22
14
690
700
62
51
40
30
23
15
8
(a)
Compute the following amounts for Maria's wages for the current week. (Round FICA taxes, State income taxes and Net pay answers
to 2 decimal places, e.g. 52.55.)
(1) Gross earnings.
$
(2) FICA taxes. (Assume a 7.65% rate on maximum of $127,200.)
$4
(3) Federal income taxes withheld.
2$
(4) State income taxes withheld. (Assume a 2.0% rate.)
$1
(5) Net pay.
$4
Attempts: 0 of 15 used
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O o O o
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O O O O O
Transcribed Image Text:êTextbook ent CALCULATOR FULL SCREEN PRINTER VERSION | ВАCK NEXT 640 650 55 44 33 25 18 10 650 660 56 45 34 26 19 11 4 660 670 58 47 35 27 20 12 5 670 680 59 48 37 28 21 13 6. 680 690 61 50 38 29 22 14 690 700 62 51 40 30 23 15 8 (a) Compute the following amounts for Maria's wages for the current week. (Round FICA taxes, State income taxes and Net pay answers to 2 decimal places, e.g. 52.55.) (1) Gross earnings. $ (2) FICA taxes. (Assume a 7.65% rate on maximum of $127,200.) $4 (3) Federal income taxes withheld. 2$ (4) State income taxes withheld. (Assume a 2.0% rate.) $1 (5) Net pay. $4 Attempts: 0 of 15 used SUBMIT ANSWER SAVE FOR LATER Version 4.24.21.1 Policy I © 2000-2021 John Wiley & Sons, Inc. All Rights Reserved. A Division of John Wiley & Sons, Inc. O o o o o O o O o O O O O C O O O O O
ment
CALCULATOR
FULL SCREEN
PRINTER VERSION
(BACK
NEXT
Exercise 11-09 a-b (Part Level Submission)
Maria Garza's regular hourly wage rate is $16, and she receives a wage of 1½ times the regular hourly rate for work in excess of 40 hours.
During a March weekly pay period, Maria worked 42 hours. Her gross earnings prior to the current week were $6,000. Maria is married and
claims three withholding allowances. Her only voluntary deduction is for group hospitalization insurance at $25 per week.
MARRIED Persons - WEEKLY Payroll Period
(For Wages Paid through December 2017)
If the wages are –
And the number of withholding allowances claimed is
At least
But less
1
3
4
8
10
than
The amount of income tax to be withheld is -
500
510
34
27
19
11
4
520
35
28
20
12
510
530
37
29
21
13
6.
520
540
38
30
22
14
7
530
550
40
31
23
15
8
540
560
41
32
24
16
9.
1
550
570
43
33
25
17
10
560
44
34
26
18
11
3
570
580
590
46
35
27
19
12
4
580
47
36
28
20
13
590
600
49
38
29
21
14
6
600
610
50
39
30
22
15
7
0.
610
620
52
41
31
23
16
8
1
620
630
53
42
32
24
17
630
640
55
44
33
25
18
10
S50
Version 4.24.21.1
rivacy Policy | © 2000-2021 John Wiley & Sons, Inc. All Rights Reserved. A Division of John Wiley & Sons, Inc.
48,439
APR
O o o o
O o o o
O o o o
O o o o
O O o o o
O o o o
o o o O
O O O O
O o o O O
O o o o
O O O O
8 o o o O o
O o O o o
n 9 o o o o o
Transcribed Image Text:ment CALCULATOR FULL SCREEN PRINTER VERSION (BACK NEXT Exercise 11-09 a-b (Part Level Submission) Maria Garza's regular hourly wage rate is $16, and she receives a wage of 1½ times the regular hourly rate for work in excess of 40 hours. During a March weekly pay period, Maria worked 42 hours. Her gross earnings prior to the current week were $6,000. Maria is married and claims three withholding allowances. Her only voluntary deduction is for group hospitalization insurance at $25 per week. MARRIED Persons - WEEKLY Payroll Period (For Wages Paid through December 2017) If the wages are – And the number of withholding allowances claimed is At least But less 1 3 4 8 10 than The amount of income tax to be withheld is - 500 510 34 27 19 11 4 520 35 28 20 12 510 530 37 29 21 13 6. 520 540 38 30 22 14 7 530 550 40 31 23 15 8 540 560 41 32 24 16 9. 1 550 570 43 33 25 17 10 560 44 34 26 18 11 3 570 580 590 46 35 27 19 12 4 580 47 36 28 20 13 590 600 49 38 29 21 14 6 600 610 50 39 30 22 15 7 0. 610 620 52 41 31 23 16 8 1 620 630 53 42 32 24 17 630 640 55 44 33 25 18 10 S50 Version 4.24.21.1 rivacy Policy | © 2000-2021 John Wiley & Sons, Inc. All Rights Reserved. A Division of John Wiley & Sons, Inc. 48,439 APR O o o o O o o o O o o o O o o o O O o o o O o o o o o o O O O O O O o o O O O o o o O O O O 8 o o o O o O o O o o n 9 o o o o o
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