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-   -   What is the amount of net pay? (https://www.askmehelpdesk.com/showthread.php?t=556545)

  • Feb 21, 2011, 03:05 PM
    machoman
    What is the amount of net pay?
    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
  • Mar 11, 2011, 12:03 AM
    AtlantaTaxExpert
    This looks like a homework assignment.

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

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