Federal income tax withholding
1. Obj. 2
Tam Worldly’s weekly gross earnings for the present week were $2,000. Worldly has two exemptions. Using the wage bracket withholding table in Exhibit 2 with a $75 standard withholding allowance for each exemption, what is Worldly’s federal income tax withholding?
PE 11-2B
Federal income tax withholding
1. Obj. 2
Marsha Mellow’s weekly gross earnings for the present week were $1,250. Mellow has one exemption. Using the wage bracket withholding table in Exhibit 2 with a $75 standard withholding allowance for each exemption, what is Mellow’s federal income tax withholding?
PE 11-3A
Employee net pay
1. Obj. 2
Tam Worldly’s weekly gross earnings for the week ended April 22 were $2,000, and her federal income tax withholding was $372.02. Assuming that the social security rate is 6% and Medicare is 1.5% of all earnings, what is Worldly’s net pay?
PE 11-3B
Employee net pay
1. Obj. 2
Marsha Mellow’s weekly gross earnings for the week ended May 23 were $1,250, and her federal income tax withholding was $201.65. Assuming that the social security rate is 6% and Medicare is 1.5% of all earnings, what is Mellow’s net pay?
PE 11-4A
Journalize period payroll
1. Obj. 3
The payroll register of Ruggerio Co. indicates $10,500 of social security withheld and $2,625 of Medicare tax withheld on total salaries of $175,000 for the period. Federal withholding for the period totaled $34,650.
Provide the journal entry for the period’s payroll.
PE 11-4B
Journalize period payroll
1. Obj. 3
The payroll register of Longboat Co. indicates $5,400 of social security withheld and $1,350 of Medicare tax withheld on total salaries of $90,000 for the period. Retirement savings withheld from employee paychecks were $5,400 for the period. Federal withholding for the period totaled $17,820.
Provide the journal entry for the period’s payroll.