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Payroll Records & Accounting Required: Compute the net pay for Briar Khan and Hollis...

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Accounting

Payroll Records & Accounting
Required:
Compute the net pay for Briar Khan and Hollis Hart. Assume that they are paid a $2,500 salary biweekly, subject to federal income tax
(use the wage-bracket method) in Appendix C and FICA taxes and have no other deductions from their pay. They have a state tax rate
of 3 percent. If they choose to partcicipat in the cafeteria plan, the deduction for the pay period is $100; otherwise, there is no
deduction for the cafeteria plan. The cafeteria plan qualifies under Section 125. You do not need to complete the number of hours.
Additional information for Briar: Box 2 is not checked, and the dependents are under 17.
Note: Round your intermediate calculations and final answers to 2 decimal places.
Answer is not complete.
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