Regina Garza's regular hourly wage rate is $11.50, and she receives a wage of 1½ times the regular hourly rate for work in excess of 40 hours. During a March weekly pay period, Regina worked 48 hours. Her gross earnings prior to the current week were $7,800. Regina is married and claims three withholding allowances. Her only voluntary deduction is for group hospitalization insurance at $30 per week.
Regina Garza's regular hourly wage rate is $11.50, and she receives a wage of 1½ times the regular hourly rate for work in excess of 40 hours. During a March weekly pay period, Regina worked 48 hours. Her gross earnings prior to the current week were $7,800. Regina is married and claims three withholding allowances. Her only voluntary deduction is for group hospitalization insurance at $30 per week.
Chapter4: Income Tax Withholding
Section: Chapter Questions
Problem 5SSQ
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Question
Transcribed Image Text:Compute the following amounts for Regina's wages for the current week (Round FICA taxes, State income taxes and Net pay answers
to 2 decimal places, eg. 52.55.)
(1) Gross earnings.
(2) FICA taxes. (Assume a 7.65% rate on maximum of $127.200.)
(3) Federal income taxes withheld.
(4) State income taxes withheld. (Assume a 2.0% rate.)
(5) Net pay.
List of Accounts
X Your answer is incorrect.
Record Regina'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
%24
Transcribed Image Text:Regina Garza's regular hourly wage rate is $11.50, and she receives a wage of 1% times the regular hourly rate for workin excess of 40
hours. During a March weekly pay period, Regina worked 48 hours. Her gross earnings prior to the current weekwere $7,800. Regina
is married and claims three withholding allowances. Her only voluntary deduction is for group hospitalization insurance at $30 per
week.
MARRIED Persons –WEEKLY Payroll Period
(For Wages Paid through December 2017)
If the wages
And the number of withholding allowances claimed is -
are -
1 2 3 4 56 7 89
But
At
10
less
least
than
The amount of income tax to be withheld is -
34 27 19 11 4 0
500
510
510
520
35 28 20 12
5
520
530
37 29 21 13
6.
530
540
38 | 30 | 22 | 14
7
540
550
40 31 23 15
8
550
560
41 32 24 16
9
1
560
570
43 33 25 17 10
570
580
44
34 26 18
11
3
580
590
46 35 27 19
12
4
590
600
47 36 28 20 13
5
600
610
49 38 29 21 14
610
620
50 39 30 22 15
7
620
630
52 41 31 23 16
1
630
640
53 42 32 24 17
9
2
640
650
55 44 33 25
18 | 10
3
650
660
56 45 34 26 19 11
4
660
670
58 47 35 27 20 12
670
680
59 48 37 28 21 13
680
690
61 50 38 29 22 14
7
690
700
62 51 40 30 23 15
8
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