The following salaried employees of Mountain Stone Brewery in Fort Collins, Colorado, are paid semimonthly Some employees have union dues or garnishments deducted from their pay Required: Calculate their net pay using the percentage method for manual payroll systems with Forms W-4 from 2020 or later in Appendix C to determine federal income tax. Assume box 2 is not checked for any employee. Include Colorado income tax of 4.55 percent of taxable pay. No employee has exceeded the maximum FICA limit. (Round your intermediate calculations and final answers to 2 decimal places.) Net Pay 50 Filing Status, Employee Dependents Pay Union Dues per Period Garnishment per Period S. Bergstrom MJ-0 $ 1,730 $ C. Pare MJ-2 (<17) $ 3,560 $ 120 Van der Hooven S-1 (Other) S 3,285 $ 240 $ 75 S Lightfoot MJ-0 S 2.910 S 100
The following salaried employees of Mountain Stone Brewery in Fort Collins, Colorado, are paid semimonthly Some employees have union dues or garnishments deducted from their pay Required: Calculate their net pay using the percentage method for manual payroll systems with Forms W-4 from 2020 or later in Appendix C to determine federal income tax. Assume box 2 is not checked for any employee. Include Colorado income tax of 4.55 percent of taxable pay. No employee has exceeded the maximum FICA limit. (Round your intermediate calculations and final answers to 2 decimal places.) Net Pay 50 Filing Status, Employee Dependents Pay Union Dues per Period Garnishment per Period S. Bergstrom MJ-0 $ 1,730 $ C. Pare MJ-2 (<17) $ 3,560 $ 120 Van der Hooven S-1 (Other) S 3,285 $ 240 $ 75 S Lightfoot MJ-0 S 2.910 S 100
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter7: Employee Earnings And Deductions
Section: Chapter Questions
Problem 3PB
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