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Paul Larkin and Jim Smith are the only two employees of Texas Pipe Company. In January, 2018, Paul's gross pay was $5,50
Posted: Sat May 07, 2022 8:08 pm
by answerhappygod
- Paul Larkin And Jim Smith Are The Only Two Employees Of Texas Pipe Company In January 2018 Paul S Gross Pay Was 5 50 1 (33.05 KiB) Viewed 34 times
Paul Larkin and Jim Smith are the only two employees of Texas Pipe Company. In January, 2018, Paul's gross pay was $5,500 and Jim's gross pay was $5,900. All earnings are subject to FICA-OASDI Tax of 6.2% and FICA-Medicare Tax of 1.45% and Unemployment Tax rate of 6%. Paul has a voluntary deduction of $67.00 and Jim has a voluntary deduction of $58.00, respectively, and are subject to Federal Income Tax rate of 18% each. What is Paul Larkin's Net Pay for January? Please show your calculations. (5 pts)