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Unformatted text preview: 2. Withholding tax is calculated on the taxable pay 3. Social Security tax is calculated on the employee's gross pay 4. The overtime bonus is a variable rate and is found in cell E12. Number of Dependents Hourly Wage Regular Hours Overtime Hours Taxable Income Withholding Tax Soc Sec Tax Net Pay $374.40 $316.80 $269.57 $331.20 $226.80 $264.96 $1,518.77 ents...
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This note was uploaded on 08/21/2011 for the course COMP 230 taught by Professor Phil during the Spring '11 term at DeVry NY.
- Spring '11