state disability insurance, and other deductions have been taken out. Assume that none has earned over $130,000 so far this year. Assume a FICA rate of 6.2% Medicare rate of 1.45% and a state disability insurance rate of 1%. Use the percentage method of withholding. 9.   Mike Jennings $4147.38 monthly earnings, 5 withholding allowances, married, union dues of $15, charitable contributions of $41.65, state withholding of $25.70

College Accounting (Book Only): A Career Approach
12th Edition
ISBN:9781305084087
Author:Cathy J. Scott
Publisher:Cathy J. Scott
Chapter7: Employee Earnings And Deductions
Section: Chapter Questions
Problem 3E
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Find the net pay for each of the following employees after FICA, Medicare, federal withholding tax, state disability insurance, and other deductions have been taken out. Assume that none has earned over $130,000 so far this year. Assume a FICA rate of 6.2% Medicare rate of 1.45% and a state disability insurance rate of 1%. Use the percentage method of withholding.

9.   Mike Jennings $4147.38 monthly earnings, 5 withholding allowances, married, union dues of $15, charitable contributions of $41.65, state withholding of $25.70

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