Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller

Exercise 114

EMPLOYEE NET PAY Use the percentage method of withholding to find federal withholding tax, a 6.2 % FICA rate to find FICA tax, and 1.45 % to find Medicare tax for the following employees. Then find the net pay for each employee. The number of withholding allowances and the marital status are listed after each employee's name. Assume that no employee has earned over $110,000 so far this year. (See Examples 3 and 5.)