Jane just completed her first two weeks working for Macy\'s where she earns $12

Question

Jane just completed her first two weeks working for Macy's where she earns $12 an hour. The first week she worked 38 hours and the second week she worked 40 hours. Calculate her wages for the two-week period WEEK ONE3 HOURS WEEKLY WAGES 5O WEEK TWO HOURS @ TOTAL GROSS PAY If you took one exemption on federal income tax subtract $67.31 from your weekly gross pay and then calculate the deduction. For one exemption on New York state income tax, subtract $25.06 from your weekly gross pay before calculating the deduction. If you have no exemption, your weekly gross pay is your taxable income. Deductions O EXEMPTION 1 EXEMPTION Taxable Federal Income Federal Income Tax ( 14.70 + 1 5% of income over $198) Taxable State Income State Income Tax (2.2% of taxable state income) FICA SSI (6.2% of gross pay) FICA MEDICARE (1.45% of gross pay) TOTAL DEDUCTIONS NET PAY

Explanation / Answer

Answer is as Below Deduction 0 Exemption 1 Exemption Taxable Federal income 936 936 Federal Income Tax 125 105 Taxable State income 811 886 State incometax 18 19 FICA SSI 58 58 FICA Medicare 14 14 Total deduction 215 196 Net Pay 721 740 Calculating tax when claiming exemption Federal Income tax 936 Less Deduction 135 801 Less Standard dedution 198 603 Tax 91 Add: 14 105 State Income 936 Less: Deduction 50 886

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