Robert,the accountant,has to calculate the net pay for each of Dotson Company's three employees.Robert has gathered the following information about payroll for the period:
Required: Calculate the net paycheck for each of the employees.Assume that FICA (Social Security)taxes are withheld at the rate of 6.2% of gross earnings and that Medicare taxes are withheld at the rate of 1.45% of gross earnings.

Question

Robert,the accountant,has to calculate the net pay for each of Dotson Company's three employees.Robert has gathered the following information about payroll for the period:
  Required: Calculate the net paycheck for each of the employees.Assume that FICA (Social Security)taxes are withheld at the rate of 6.2% of gross earnings and that Medicare taxes are withheld at the rate of 1.45% of gross earnings.

Quizplus · Accepted Answer

The Answer of Robert,the accountant,has to calculate the net pay for each of Dotson Company's three employees.Robert has gathered the following information about payroll for the period:
  Required: Calculate the net paycheck for each of the employees.Assume that FICA (Social Security)taxes are withheld at the rate of 6.2% of gross earnings and that Medicare taxes are withheld at the rate of 1.45% of gross earnings.

Robert,the Accountant,has to Calculate the Net Pay for Each of Dotson