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Unformatted text preview: 7.65% Notes: 1. The taxable pay is the gross pay minus the deduction per dependent times the number of dependents 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 E14. Number of Dependents Hourly Wage Regular Hours Overtime Hours Taxable Income Withholding Tax Soc Sec Tax...
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This note was uploaded on 01/20/2012 for the course ITC ITC 3001 taught by Professor Don'tknow during the Spring '09 term at Columbia Southern University, Orange Beach.
- Spring '09