FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
D
The following employees of Concordian Construction of Walla Walla, Washington, are paid biweekly. Some employees have union
dues or garnishments deducted from their pay.
Required:
Calculate their net pay. Use the percentage method for manual payrolls with Forms W-4 from 2020 or later in Appendix C to determine
federal income tax. No employee has exceeded the maximum FICA limits. You do not need to complete the number of hours. No one
checked the box in Step 2 and there is no additional information in Step 4. (Round your intermediate calculations and final answers
to 2 decimal places.)
Employee
J. Johnson
V. Roberson
T. Major
M. Reice
Filling Status
Married/Joint
Single
Married/Joint
Head of Household
Dependents
1<17
None
None
1<17
Annual pay
$
$
$
$
Union Dues
per Period
$ 102
45,000
33,800
65,650 $
76,600
Garnishment
per Period
$
110 $
$
70
90
45
Net Pay
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Transcribed Image Text:The following employees of Concordian Construction of Walla Walla, Washington, are paid biweekly. Some employees have union dues or garnishments deducted from their pay. Required: Calculate their net pay. Use the percentage method for manual payrolls with Forms W-4 from 2020 or later in Appendix C to determine federal income tax. No employee has exceeded the maximum FICA limits. You do not need to complete the number of hours. No one checked the box in Step 2 and there is no additional information in Step 4. (Round your intermediate calculations and final answers to 2 decimal places.) Employee J. Johnson V. Roberson T. Major M. Reice Filling Status Married/Joint Single Married/Joint Head of Household Dependents 1<17 None None 1<17 Annual pay $ $ $ $ Union Dues per Period $ 102 45,000 33,800 65,650 $ 76,600 Garnishment per Period $ 110 $ $ 70 90 45 Net Pay
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