How much in Social Security taxes should be deducted from Laruen E's check? *round to the nearest penny* How much Social Security will be withheld from Lauren's pay for the 51st pay (next week's pay)? How much in Medicare taxes should be deducted from Laruen E's check? *round to the nearest penny* What is Gabriel J's net (take home) pay? *round to the nearest penny*

Accounting (Text Only)
26th Edition
ISBN:9781285743615
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter11: Current Liabilities And Payroll
Section: Chapter Questions
Problem 11.9EX: Calculate payroll Diego Company has three employeesa consultant, a computer programmer, and an...
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How much in Social Security taxes should be deducted from Laruen E's check?

*round to the nearest penny*

 

How much Social Security will be withheld from Lauren's pay for the 51st pay (next week's pay)?

 

How much in Medicare taxes should be deducted from Laruen E's check?

*round to the nearest penny*

 

 

What is Gabriel J's net (take home) pay?

*round to the nearest penny*

Module 5 - Problem part 2
The following 2 employees are PAID weekly. Each employee's taxable part of their wages is
listed below and their pay has remained the same all year. This is the 50th pay of the year.
1. Lauren E. Gross pay
Social Security taxable:
Medicare taxable:
Actual Federal withholding
Assume no state or county withholding
Actual medical premium withholding
2. Gabriel J. Gross pay
$3,170
$2,450
$2,950
Social Security taxable:
Medicare taxable:
$1,210
$1,040
$1,040
Actual Federal withholding
Assume no state or county withholding
Actual medical premium withholding
$340
$0
$220
$130
$0
$170
Transcribed Image Text:Module 5 - Problem part 2 The following 2 employees are PAID weekly. Each employee's taxable part of their wages is listed below and their pay has remained the same all year. This is the 50th pay of the year. 1. Lauren E. Gross pay Social Security taxable: Medicare taxable: Actual Federal withholding Assume no state or county withholding Actual medical premium withholding 2. Gabriel J. Gross pay $3,170 $2,450 $2,950 Social Security taxable: Medicare taxable: $1,210 $1,040 $1,040 Actual Federal withholding Assume no state or county withholding Actual medical premium withholding $340 $0 $220 $130 $0 $170
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