Buddy works in the gift wrapping department at the local mall. He is single, pai

Question

Buddy works in the gift wrapping department at the local mall. He is single, paid an hourly wage of $8.25, and claims one tax allowance. On Buddy's paycheck, the deductions are federal income tax (see chart below). Social Security (tax rate of 6.2%), Medicare (tax rate of 1.45%), and city income tax (rate of 3%). In May, Buddy worked 172 hours in four weeks with each week including an equal number of work hours. Use the information in this paragraph well as the FIT chart below to complete the payroll register below for Buddy's work in May.

Explanation / Answer

Answer :

His net apy will be $ 1271.86.

Employee FIT Info Hour worked Gross Pay FIT Social Security Medicare CIT Total Tax deduction Pay after Deduction one tax allowance Net Pay 6.20% 1.45% 3% (A) (B) © (D) (E) F =(B+C+D+E) (G)=(A-F) © (H)=(G+C) Buddy S1 43 354.75 21.00 21.99 5.14 10.64 58.78 295.97 21.99 317.96 Buddy S1 43 354.75 21.00 21.99 5.14 10.64 58.78 295.97 21.99 317.96 Buddy S1 43 354.75 21.00 21.99 5.14 10.64 58.78 295.97 21.99 317.96 Buddy S1 43 354.75 21.00 21.99 5.14 10.64 58.78 295.97 21.99 317.96 Total 1419.00 84.00 87.98 20.56 42.56 235.12 1183.88 87.98 1271.86

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