Reference no: EM131258692
The following 6 employees are paid biweekly. Calculate the net pay from the info provided below for the Nov. 15 pay date. Assume that all wages are subject to SS and Medicare taxes. Use the wage-bracket method of determining Federal Income Tax. All 401K and section 125 amounts are pre-tax deductions. Wages are not subject to state tax.
A. Single, 4 withholdings, gross pay 1500 per period, 401K deduction 125 per period
B. Married, 6 withholdings, gross pay, 2225 per period, 401K deduction 250 per period
C. Single, 0 withholdings, gross pay $2100 per period, section 125 - $75, 401K - $50
D. Married, 3 witholdings, gross pay $1875 per period, United Way deduction - $50, Garnishment - $50
E. Single, 1 witholding, gross pay $1200 per period, section 125 - $50, 401K - 6% gross pay
F. Married, 8 witholdings, gross pay $2425, 401K - $75.
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