15. toni: gross weekly wage $359.30. married, claim 2 allowances. ss tax 6.2%, medicare tax 1.45%. state tax…

15. toni: gross weekly wage $359.30. married, claim 2 allowances. ss tax 6.2%, medicare tax 1.45%. state tax rate 1.75% of gross pay. city tax rate 1.25% of gross pay. each week, she has $31.90 deducted for medical insurance and $3 for union dues. use the fit table in question 5. compute her net pay and outline her statement of earnings.\nsst = 359.30×6.2% = 22.28\nmedicare = 359.30×1.45% = 5.21\nsit = 359.30×1.75% = 6.29\ncit = 359.30×1.25% = 4.49\n\n|dept|employee|check number|gross pay|net pay = gp - total ded.||----|----|----|----|----||71|toni|100|359.30|279.13 = 359.30 - 80.17||tax deductions| | |other deductions| ||fit|ss|medicare|state|local|medical|union dues|others|total ded.||7 +|22.28+|5.21+|6.29+|4.49+|31.90+|3 +|0 =|80.17|16. john earns a gross weekly wage of $338.50 as a warehouse worker. he is single and claims 2 allowances. ss tax 6.2%, medicare tax 1.45%. the state tax rate is 2.1% of gross pay, and the city tax rate is 1.5% of gross pay. each week, he has $28.75 deducted for medical insurance, $4.50 for union dues, and $5 for charity. use the fit table in question 5. compute his net pay and outline his statement of earnings.\n\n|dept|employee|check number|gross pay|net pay = gp - total ded.||----|----|----|----|----||71| |100| | ||tax deductions| | |other deductions| ||fit|ss|medicare|state|local|medical|union dues|others|total ded.|| | | | | | | | |

15. toni: gross weekly wage $359.30. married, claim 2 allowances. ss tax 6.2%, medicare tax 1.45%. state tax rate 1.75% of gross pay. city tax rate 1.25% of gross pay. each week, she has $31.90 deducted for medical insurance and $3 for union dues. use the fit table in question 5. compute her net pay and outline her statement of earnings.\nsst = 359.30×6.2% = 22.28\nmedicare = 359.30×1.45% = 5.21\nsit = 359.30×1.75% = 6.29\ncit = 359.30×1.25% = 4.49\n\n|dept|employee|check number|gross pay|net pay = gp - total ded.||----|----|----|----|----||71|toni|100|359.30|279.13 = 359.30 - 80.17||tax deductions| | |other deductions| ||fit|ss|medicare|state|local|medical|union dues|others|total ded.||7 +|22.28+|5.21+|6.29+|4.49+|31.90+|3 +|0 =|80.17|16. john earns a gross weekly wage of $338.50 as a warehouse worker. he is single and claims 2 allowances. ss tax 6.2%, medicare tax 1.45%. the state tax rate is 2.1% of gross pay, and the city tax rate is 1.5% of gross pay. each week, he has $28.75 deducted for medical insurance, $4.50 for union dues, and $5 for charity. use the fit table in question 5. compute his net pay and outline his statement of earnings.\n\n|dept|employee|check number|gross pay|net pay = gp - total ded.||----|----|----|----|----||71| |100| | ||tax deductions| | |other deductions| ||fit|ss|medicare|state|local|medical|union dues|others|total ded.|| | | | | | | | |

Answer

Explanation:

Step1: Calculate Social - Security (SS) tax

The SS tax rate is 6.2% of the gross pay. For John with a gross weekly wage of $338.50, the SS tax is $338.50\times6.2%=338.50\times0.062 = 20.99$.

Step2: Calculate Medicare tax

The Medicare tax rate is 1.45% of the gross pay. So the Medicare tax is $338.50\times1.45%=338.50\times0.0145 = 4.91$.

Step3: Calculate State tax

The state - tax rate is 2.1% of the gross pay. Thus the state tax is $338.50\times2.1%=338.50\times0.021 = 7.11$.

Step4: Calculate City tax

The city - tax rate is 1.5% of the gross pay. So the city tax is $338.50\times1.5%=338.50\times0.015 = 5.08$.

Step5: Calculate total tax deductions

The sum of SS, Medicare, state, and city taxes is $20.99 + 4.91+7.11 + 5.08=38.09$.

Step6: Calculate total other deductions

He has $28.75 for medical insurance, $4.50 for union dues, and $5 for charity. So the total other deductions are $28.75+4.50 + 5=38.25$.

Step7: Calculate total deductions

The total deductions are the sum of tax deductions and other deductions, which is $38.09+38.25 = 76.34$.

Step8: Calculate net pay

Net pay = Gross pay−Total deductions. So the net pay is $338.50−76.34 = 262.16$.

Answer:

Dept Employee Check Number Gross Pay Net Pay
71 John 100 $338.50 $262.16
Tax Deductions Other Deductions
FIT SS Medicare State Local
20.99 4.91 7.11 5.08