Compute the net pay for each employee listed below.Assume the following rates: FICA-OASDI 6.2% on a limit of $106,800; Medicare is 1.45%; federal income tax is 20%; state income tax is 5%; and union dues are $10.
$\begin{array}{llcc}
&\text { Cumulative Pay}& \text { This Week's Pay}\
\text { Tim Bryant } & \$105,000&\$5,000 \
\text { Bornie Riley } &60,000&3,000\

\end{array}$

Question

Compute the net pay for each employee listed below.Assume the following rates: FICA-OASDI 6.2% on a limit of $106,800; Medicare is 1.45%; federal income tax is 20%; state income tax is 5%; and union dues are $10.
 $\begin{array}{llcc}
  &\text { Cumulative Pay}&  \text { This Week's Pay}\
  \text { Tim Bryant } & \$105,000&\$5,000 \
 \text { Bornie Riley } &60,000&3,000\

\end{array}$

Quizplus · Accepted Answer

The Answer of Compute the net pay for each employee listed below.Assume the following rates: FICA-OASDI 6.2% on a limit of $106,800; Medicare is 1.45%; federal income tax is 20%; state income tax is 5%; and union dues are $10.
 $\begin{array}{llcc}
  &\text { Cumulative Pay}&  \text { This Week's Pay}\
  \text { Tim Bryant } & \$105,000&\$5,000 \
 \text { Bornie Riley } &60,000&3,000\

\end{array}$

Compute the Net Pay for Each Employee Listed Below