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Unformatted text preview: .06 * 160000 = 9600 9600*.25 = 2400 She received 2400. 3. Find the net pay for the following employee after : FICA, Medicare federal withholding tax state disability and other deductions have been made. Use the percentage method of withholding for Mr. L. Solemo: $1410.65 monthly earnings, 1 withholding allowance, single, $47.80 in other deductions 848.72 4. Find (a) the Social Security tax and (b) the Medicare tax for the following self-employed person. Use a FICA tax rate of 12.4% and a Medicare tax rate of 2.9% for Mrs. Leatherwood: $51,582.24 43,690.16...
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This note was uploaded on 12/30/2009 for the course MATH 1220 taught by Professor Roarty during the Spring '09 term at Metropolitan Community College- Omaha.
- Spring '09