Compute the Net Pay for Each Employee Listed Below

Essay

Compute the net pay for each employee listed below.Assume the following rates: FICA-OASDI 6.2% on a limit of $106,800; Medicare is 1.45%; federal income tax is 20%; state income tax is 5%; and union dues are $10.
$\begin{array}{llcc} &\text { Cumulative Pay}& \text { This Week's Pay}\\ \text { Tim Bryant } & \$105,000&\$5,000 \\ \text { Bornie Riley } &60,000&3,000\\\end{array}$