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View Full Version : What is the amount of net pay?


machoman
Feb 21, 2011, 03:05 PM
Gross Payroll for June 400,000
Federal Income Tax Withheld 70,000
State Income tax withheld 30,000
FICA Withheld 12,000
Charitable Contributions 1% of Gross Pay
Union Dues 2% of Gross Pay

The unemployment tax rate is 3% and applies to all but $50,000 of the gross payroll

AtlantaTaxExpert
Mar 11, 2011, 12:03 AM
This looks like a homework assignment.

We do not DO homework for the students, as it defeats the purpose of the homework.