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# Jacob Butler. 10/2/2017. VB-Homework 3. Bob Jones.. Gro

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Jacob Butler10/2/2017VB-Homework 3Bob Jones.Gross pay 38 hours x \$14 = 532Michigan State income Tax. 4.25%. 532 x .0425 = 22.61(FICA) Calculated Separately1.Social Security Benefits Tax. YTD 126,800 + 532 = 127,332. \$400 x .062 = 24.802.Medicare Tax. 1.45% of gross. \$200,000 + an additional .9% for the access is taken in. Medicare Tax. 532 x .0145 = 7.714Federal Withholding Tax. \$67.31 x 2 allowances = 134.62 AWI, 532(gross) – 134.62(AWI) = 397.38 – 166= 231.38 * .10 = 23.138 + 0 = 23.138 Total TaxNet pay. Gross 532 – 22.61-24.80 -7.714 -23.138 = 453.74 Net Pay rounded upMary SmithGross pay 40 hours x 8.90 = 356Michigan State income Tax. 4.25%. 356 x .0425 = 15.13(FICA) Calculated Separately1.Social Security Benefits Tax. YTD 69,800 + \$356=70,156 : 127,200-70156(YTD)=57,044 x .062 = 3536.728 356 *.062= 22.0722.Medicare Tax. 1.45% of gross. \$200,000 + an additional .9% for the access is taken in Medicare Tax. 356 x .0145 = 5.162Federal Withholding Tax. \$67.31 x 1 allowances = 67.31 AWI,356 (gross) – 67.31 (AWI) = 288.69 -224 = 64.69 x .15 =9.7035 + 18 dollars= 27.7035 Total tax is 27.7035Net pay. Gross 356 -15.13 -22.072 -5.162 -27.7035 = 285.93 Net Pay rounded upSusan GreenGross pay 40 hours x 27.55 = 1102. O/T 3.5 x 41.325 = 144.6375 = Total 1246.6375Michigan State income Tax. 4.25%. 1246.6375 x .0425 = 52.9820(FICA) Calculated Separately1.1. Social Security Benefits Tax. YTD 201,560 Over \$127200 gross (0) tax for social security tax. Total tax is 0.2.Medicare Tax. 1.45% + 1246.6375 = 8.0762, \$200,000 – 201560 = 1560 * .009 = 14.04 +18.07624375 =32.11624375 Medicare TaxFederal Withholding Tax. \$67.31 x 3 allowances = 201.93 AWI, 1246.6375(gross) – 201.93(AWI) =1044.7075 – 166 = 878.7075 x .15 = 87.87075 + 0.00 =87.87075 Total tax is 87.87075Net pay. Gross 1246.6375 -52.9820 -32.11624375 -87.870752 = 1073.67 Net Pay Rounded Up

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