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Assume a tax rate of 6.2% on $142,800 for Social Security and 1.45% for Medicare....

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Accounting

Assume a tax rate of 6.2% on $142,800 for Social Security and 1.45% for Medicare. No one will reach the maximum for FICA. Complete the following payroll register. (Use the percentage method to calculate FIT for this weekly period.)(Use Table 9.1).
Note: Do not round intermediate calculations and round your final answers to the nearest cent.
\table[[Employee,\table[[Marital],[status]],Gross pay,FIT,FICA,Net pay],[,\table[[,,,,,,,,,],[Pat Brown,S,$,,,$,161.20,$,37.70,]],,]]Assume a tax rate of 6.2% on $142,800 for Social Security and 1.45% for Medicare. No one will reach the maximum for FICA. Complete the following payroll register. (Use the percentage method to calculate FIT for this weekly period.)(Use:Table 911.
Note: Do not round intermediate calculations and round your final answers to the nearest cent.
\table[[\table[[Employee],[Pat Brown]],\table[[Marital],[status],[S]],Gross pay,FIT,FICA,Net pay],[,\table[[,Medicare,,,,,,,],[,,$,2,600,,$,161.20,$,37.70,]],]]See
2021 Percentage Method Tables
STANDARD Withholding Rate Schedules
(Use these if the box in Step 2 of Form W-4 is NOT checked)
TABLE 1-WEEKLY Payroll Period
\table[]
TABLE 2-BIWEEKLY Payroll Period
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