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Homework answers / question archive / Maria Garza's regular hourly wage rate is $16, and she receives a wage of 112 times the regular hourly rate for work in excess of 40 hours

Maria Garza's regular hourly wage rate is $16, and she receives a wage of 112 times the regular hourly rate for work in excess of 40 hours

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Maria Garza's regular hourly wage rate is $16, and she receives a wage of 112 times the regular hourly rate for work in excess of 40 hours. During a March weekly pay period, Maria worked 42 hours. Her gross earnings prior to the current week were $6,000. Maria is married and claims three withholding allowances. Her only voluntary deduction is for group hospitalization insurance at $25 per week. 10 MARRIED Persons – WEEKLY Payroll Period (For Wages Paid through December 2017) If the wages are - And the number of withholding allowances claimed is - But less 0 At least 1 2 3 4 5 6 7 8 9 than The amount of income tax to be withheld is - 500 510 34 27 19 11 4 0 D 0 510 520 35 28 20 12 5 0 D 0 520 530 37 29 21 13 6 0 0 0 0 0 530 540 38 30 22 14 7 0 0 0 540 550 40 31 23 15 8 0 0 0 0 0 ????? ????? 0 0 0 41 0 550 560 43 560 570 580 590 32 33 34 35 36 16 17 18 570 24 25 26 27 28 44 46 47 9 10 11 12 13 1 2 3 4 5 ? ? ? ? ? 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 580 590 0 19 20 600 0 49 600 610 610 620 630 50 52 38 39 41 29 30 31 21 22 23 24 25 620 630 14 15 16 17 18 6 6 7 7 8 9 10 0 0 0 0 1 0 20 30 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 53 42 640 650 32 33 640 55 44 0 45 34 26 19 4 0 56 58 0 0 47 35 27 0 650 660 670 680 690 660 670 680 690 700 20 21 59 48 37 28 11 12 13 14 15 6 0 0 0 0 0 0 D D 0 0 D 0 0 29 0 61 62 50 51 38 40 22 23 7 8 0 0 30 0
(a) Your answer is correct. Compute the following amounts for Maria's wages for the current week. (Round FICA taxes, State income taxes and Net pay answers to 2 decimal places, e.g. 52.55.) (1) Gross earnings. 688 (2) FICA taxes. (Assume a 7.65% rate on maximum of $127,200.) 52.63 $ (3) Federal income taxes withheld. 29 (4) State income taxes withheld. (Assume a 2.0% rate.) 13.76 (5) Net pay. ΣΕ Η 567.61 567.61
(b) Your answer is partially correct. Try again. Record Maria's pay. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 2 decimal places, e.g. 52.75.) Account Titles and Explanation Debit Credit Salaries and Wages Expense 688 FICA Taxes Payable 52.63 Federal Income Taxes Payable 29 State Income Taxes Payable 13.76 Health Insurance Payable 25 Cash 567.61

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