This is a multi-step problem. Each step will be separate question.
Find the net pay for each of the following employees after FICA, Medicare, federal withholding tax, state disability insurance, and other deductions have been taken out.
Assume that they have not earned over $115,000 so far this year.
Assume a FICA/Social Security rate of 6.2%, Medicare rate of 1.45%, and a state disability insurance rate of 1%.
Use the percentage method of withholding.
$1,214.29 weekly earnings, 2 withholding allowances, married, $135 in other deductions
Find the Medicare deductions.
$1,667.50
$1,760.72
$17.61
$176.07