The following salaried employees of Mountain Stone Brewery in Fort Collins, Colorado, are paid semimonthly. Some employees have union dues or garnishments deducted from their pay. You do not need to complete the number of hours. Required: Calculate their net pay using the percentage method for manual payroll systems with Forms W-4 from 2020 or later in Appendix C to determine federal income tax. Assume box 2 is not checked for any employee. Include Colorado income tax of 4.55 percent of taxables pay. No employee has exceeded the maximum FICA limit. Note: Round your intermediate calculations and final answers to 2 decimal places. Employee S. Bergstrom C. Pare L. Van der Hooven S. Lightfoot Filing Status, Dependents MJ-0 MJ-2 (<17) S-1 (Other) MJ-0 Answer is complete but not entirely correct. Union Dues per Period Garnishment per Period $ Pay $ 1,810 $ 3,720 S $ 3,445 S $ 3,070 120 240 $ $ $ $ 75 $ 100 $ 50 Net Pay 1,489.02 2,906.45 2,575.44 2,425.43

PAYROLL ACCT.,2019 ED.(LL)-TEXT
19th Edition
ISBN:9781337619783
Author:BIEG
Publisher:BIEG
Chapter6: Analysing And Journalizing Payroll
Section: Chapter Questions
Problem 6PB: Adams, Inc., pays its employees weekly wages in cash. A supplementary payroll sheet that lists the...
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The following salaried employees of Mountain Stone Brewery in Fort Collins, Colorado, are paid semimonthly. Some employees have
union dues or garnishments deducted from their pay. You do not need to complete the number of hours.
Required:
Calculate their net pay using the percentage method for manual payroll systems with Forms W-4 from 2020 or later in Appendix C to
determine federal income tax. Assume box 2 is not checked for any employee. Include Colorado income tax of 4.55 percent of taxable
pay. No employee has exceeded the maximum FICA limit.
Note: Round your intermediate calculations and final answers to 2 decimal places.
Employee
S. Bergstrom
C. Pare
L. Van der Hooven
S. Lightfoot
Filing Status,
Dependents
MJ-0
MJ-2 (<17)
S-1 (Other)
MJ-0
Answer is complete but not entirely correct.
Union
Dues
per Period
Garnishment
per Period
S
Pay
$ 1,810
$ 3,720
$ 3,445
$ 3,070
$
S
120
240
$
$
50
75
100
$
$
S
$
Net Pay
1,489.02
2,906.45 x
2,575.44X
2.425.43
Transcribed Image Text:The following salaried employees of Mountain Stone Brewery in Fort Collins, Colorado, are paid semimonthly. Some employees have union dues or garnishments deducted from their pay. You do not need to complete the number of hours. Required: Calculate their net pay using the percentage method for manual payroll systems with Forms W-4 from 2020 or later in Appendix C to determine federal income tax. Assume box 2 is not checked for any employee. Include Colorado income tax of 4.55 percent of taxable pay. No employee has exceeded the maximum FICA limit. Note: Round your intermediate calculations and final answers to 2 decimal places. Employee S. Bergstrom C. Pare L. Van der Hooven S. Lightfoot Filing Status, Dependents MJ-0 MJ-2 (<17) S-1 (Other) MJ-0 Answer is complete but not entirely correct. Union Dues per Period Garnishment per Period S Pay $ 1,810 $ 3,720 $ 3,445 $ 3,070 $ S 120 240 $ $ 50 75 100 $ $ S $ Net Pay 1,489.02 2,906.45 x 2,575.44X 2.425.43
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