Jen Miller made $1,090 this week. Only social security (fully taxable) and feder
ID: 2537116 • Letter: J
Question
Jen Miller made $1,090 this week. Only social security (fully taxable) and federal income taxes attach to her pay. Miller contributes $125 each week to her company's 401(k) plan and has $40 put into her health savings account (nonqualified) each week. Her employer matches this $40 each week.
Determine Miller's take-home pay if she is married and claims 2 allowances (use the wage-bracket method).
Enter deductions beginning with a minus sign (-).
Click here to access the Wage-Bracket Method Tables.
Gross pay $ HSA contributions 401(k) deductions OASDI tax HI tax FIT Net payExplanation / Answer
Computation of Jen Miller's Net take Home Pay Detail Amount Remark Gross Pay $1,090.00 Add HAS Contribution $40.00 401(K) Deduction $125.00 Total $1,255.00 Less: OASDI Tax $68.13 6.25 % * $1090 HI Tax $15.81 1.45 % * $1090 FIT $109.00 10% * $1090 Net Pay $1,062.07
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