SmartExpert

(118)

$30/per page/Negotiable

About SmartExpert

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Accounting,Business & Finance See all
Accounting,Business & Finance,Economics,English,HR Management,Math Hide all
Teaching Since: Apr 2017
Last Sign in: 59 Weeks Ago, 5 Days Ago
Questions Answered: 7570
Tutorials Posted: 7352

Education

  • BS,MBA, PHD
    Adelphi University/Devry
    Apr-2000 - Mar-2005

Experience

  • HOD ,Professor
    Adelphi University
    Sep-2007 - Apr-2017

Category > Accounting Posted 21 Jun 2017 My Price 8.00

Tooka’s Trees in Auburn, Tennessee

Tooka’s Trees in Auburn, Tennessee, has six employees who are paid biweekly. Calculate the net pay from the information provided below for the November 15 pay date. Assume that all wages are subject to Social Security and Medicare taxes. Use the wage-bracket method of determining Federal income tax. All 401(k) and Section 125 amounts are pre-tax deductions. The wages are not subject to state taxes. Use Appendix C. http://ezto-cf-media.mheducation.com/Media/Connect_Production/bne/accounting/Landin_2e/Appendix_C.pdf

(Round your intermediate calculations and final answers to 2 decimal places.)

a. T. Taylor
  Single, four withholdings
  Gross pay: $1,500 per period
  401(k) deduction: $125 per pay period
b. B. Walburn
  Married, six withholdings
  Gross pay: $2,225 per period
  401(k) deduction: $250 per period
c. H. Carpenter
  Single, no withholdings
  Gross pay: $2,100 per period
  Section 125 deduction: $75 per period
  401(k) deduction: $50 per period
d. J. Knight
  Married, three withholdings
  Gross pay: $1,875 per period
  United Way deduction: $50 per period
  Garnishment $50 per period
e. C. Lunn
  Single, one withholding
  Gross pay: $1,200 per period
  Section 125 withholding: $50 per period
  401(k) deduction 6% of gross pay
f. E. Smooter
  Married, eight withholdings
  Gross pay: $2,425 per period
  401(k) deduction: $75 per period
  Employee Net Pay
a T. Taylor  
b B. Walburn  
c H. Carpenter  
d J. Knight  
e C. Lunn  
f E. Smooter

Answers

SmartExpert
(118)
Status NEW Posted 21 Jun 2017 06:06 PM My Price 8.00

Too-----------kaâ-----------€™s----------- Tr-----------ees----------- in----------- Au-----------bur-----------n, -----------Ten-----------nes-----------see-----------

Attachments

file 1498072270-Tookas Trees in Auburn Tennessee.docx preview (125 words )
T-----------ook-----------aâ€-----------™s -----------Tre-----------es -----------in -----------Aub-----------urn-----------, T-----------enn-----------ess-----------ee ----------- So-----------lut-----------ion------------a ----------- Gr-----------oss----------- Pa-----------y $-----------1,5-----------00 ----------- Le-----------ss------------401-----------(k)----------- de-----------duc-----------tio-----------n 1-----------25 ----------- Ta-----------xab-----------le -----------inc-----------ome----------- $1-----------,37-----------5 -----------Les-----------s-F-----------ede-----------ral----------- in-----------com-----------e t-----------ax -----------84 ----------- Le-----------ss------------Soc-----------ial----------- Se-----------cur-----------ity----------- ta-----------x 9-----------3 -----------Les-----------s-M-----------edi-----------car-----------e t-----------ax -----------21.-----------75 ----------- Ne-----------t P-----------ay -----------$1,-----------176-----------.25----------- S-----------olu-----------tio-----------n-b----------- G-----------ros-----------s P-----------ay -----------$2,-----------225----------- L-----------ess------------40-----------1(k-----------) d-----------edu-----------cti-----------on -----------250----------- T-----------axa-----------ble----------- in-----------com-----------e $-----------1,9-----------75 ----------- Le-----------ss------------Fed-----------era-----------l i-----------nco-----------me -----------tax----------- 75----------- L-----------ess------------So-----------cia-----------l S-----------ecu-----------rit-----------y t-----------ax -----------137-----------.95----------- L-----------ess------------Me-----------dic-----------are----------- ta-----------x 3-----------2.2-----------6 -----------Net----------- Pa-----------y $-----------1,7-----------29.-----------79 ----------- So-----------lut-----------ion------------c ----------- Gr-----------oss----------- Pa-----------y $-----------2,1-----------00
Not Rated(0)