Kathleen Garza's regular hourly wage rate is $29, and she receives a wage of 1% times the regular hourly rate for work in excess of 41 hours. During a March weekly pay period, Kathleen worked 45 hours. Her gross earnings prior to the current week were S6.000. Kathleen is married and claims three withholding allowances. Her only voluntary deduction is for group hospitalization insurance at $30.00 per week.
Kathleen Garza's regular hourly wage rate is $29, and she receives a wage of 1% times the regular hourly rate for work in excess of 41 hours. During a March weekly pay period, Kathleen worked 45 hours. Her gross earnings prior to the current week were S6.000. Kathleen is married and claims three withholding allowances. Her only voluntary deduction is for group hospitalization insurance at $30.00 per week.
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Chapter7: Employee Earnings And Deductions
Section: Chapter Questions
Problem 1PA
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Transcribed Image Text:Kathleen Garza's regular hourly wage rate is $29, and she receives a wage of 1% times the regular hourly rate for work in excess of
41 hours. During a March weekly pay period, Kathleen worked 45 hours. Her gross earnings prior to the current week were $6,000.
Kathleen is married and claims three withholding allowances. Her only voluntary deduction is for group hospitalization insurance at
$30.00 per week.
MARRIED Persons – WEEKLY Payroll Period
(For Wages Paid through December 2022)
If the wages are - And the number of withholding allowances claimed is –
0 1 2 3 4 5 6 7 8
But
10
At least less
than
The amount of income tax to be withheld is –
1,316
1,327
124 114 105
95
85
75
66
56 | 46
37
29
1,327
1,338
125 116
106
96
86
77
67
57
48
38
30
1,338
1,349
127
117
107
97
88
78
68
59
49
39
31
1,349
1,360
128 118
108
99
89
79
70
60
50
41
32
1,360
1,371
129 119 110 100
90
81
71
61
52
42
33
1,371
1,382
130
121
111
101
92
82
72
63
53
43
34
1,382
1,393
132 122
112
103
93
83
74
64
54
45
35
1,393
1.404
133
123
114
104
94
85
75
65
56
46
36
1,404
1.415
134
125
115
105
96
86
76
67
57
47
38
1,415
1,426
136
126
116
107
97
87
78
68
58
49
39
1,426
1,437
137
127
118
108
98
89
79
69
60
50
40
1,437
1.448
138
129
119
109
100
90
80
71
61
51
41
1,448
1.459
140 | 130
120
111| 101
91
82
72
62
52
43
1,459
1,470
141 | 131
122
112 | 102
93
83
73
64
54
44
1,470
1,481
142
133
123
113
104
94
84
75
65
55
45
1,481
1,492
144 | 134 | 124
115
105
95
86
76
66
56
47
1,492
1,503
145
135 126
116
106
97
87
77
67
58
48
1,503
1,514
146
137 | 127
117
108
98
88
78
69
59
49
1,514
1,525
148
138
128
119
109
99
89
80
70
60
51
1,525
1,536
149 139 130
120
110 101 91
81 | 71
62
52
Transcribed Image Text:(a)
Compute the following amounts for Kathleen's wages for the current week. (Round all answers to 2 decimal places, eg. 52.55.)
(1) Gross earnings.
(2) FICA taxes. (Assume a 7.65% rate on maximum of $132,900.)
(3) Federal income taxes withheld.
(4) State income taxes withheld. (Assume a 2.0% rate.)
(5) Net pay.
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(b).
Record Kathleen's pay. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round
answers to 2 decimal places, eg. 52.75.)
Account Titles and Explanation
Debit
Credit
%24
%24
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