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kenny6666 [7]
4 years ago
6

Brooke Bennington works for JMK an year and earns a monthly salary of $12,800 There is no overtime pay Brooke's income tax withh

olding rate is 15% of gross pay In addition to payroll taxes, Brooke elects to contribute 2% monthly to United Way JMK also deducts $100 monthly for co-payment of the health Insurance Premium. As of September 30, Brooke had $115,200 of cumulative earnings.
Requirement:
a. Compute Brooke​'s net pay for October. ​
Business
1 answer:
Karolina [17]4 years ago
8 0

Answer:

$9,544.80

Explanation:

For 2020, the maximum amount of salaries that are subject to social security taxes is $137,700. This means that Brooke's entire salary is subject to social security withholding.

Gross salary $12,800

  • Federal income tax withholding $1,920
  • United Way contribution $256
  • FICA taxes (OASDI) withholding $793.60
  • FICA taxes (Medicare) withholding $185.60
  • Health insurance $100

Net pay = $9,544.80

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