Business Math Phase 5(B)

"FRIENDLY TOOLS INC , Madison , NY "PAY SLIP 01845 "Wages for the week starting : 09 .17 .07 "1 "Employee data "a "Name : Paul Barber "b "ID No : FT-033 "c "Marital Status : Married "d "Category : Hourly rated "e "Hourly wage (i ) single rate "5 (ii ) Time and half rate "7 .5 (iii ) Double rate "10 "f "Tax withholdings (Form W4 "2 "Hours "Hours "Hours "Amount "Item total "2 "Earnings "a "Normal wage hours "38 "190 "b "One and half rate wage hours "11 "82 .5 "c "Double rate wages "5 "50 "Total earnings "322 .5 "322 .5 "3 "Deductions "a "Social Security

"0 .062 "19 .995 "b "Medicare "0 .0145 "4 .67625 "c "Union dues "0 .67432 "4 .8375 "d "New York State "Income tax "0 .059 "19 .0275 "g "Fed . Income tax (Tax Table "13 "Total deductions "61 .53625 "61 .53625 "4 "NET PAY "260 .96375 "Tax Table applicable for 2 withholdings "Notes "Weekly pay "Tax amount (1 ) Calculation of wages is based on the records relating to the daily "0 "0 "hours worked by the employee during the week . Hourly rates "185 "0 "applicable for normal and increased rates are given in "186 "1 "item 1 of this statement "190 "1 "199 "1 (2 ) Social security and Medicare rates are based on current rates "200 "2 " Ref : What are payroll taxes "219 "2 " Available from : http /www .alllaw .com /s /tax "220 "3 "229 "3 (3 ) Federal Income tax has been computed using data "230 "4 " from IRS publication 15 (Revision January 2007 "239 "4 " Employers ' Tax Guide (Page 39 "240 "5 "249 "5 (4 ) New York State taxes are calculated for an income bracket "250 "6 " between 13 ,001 to 20 ,000 "259 "6 " Ref :How to calculate New York State Income Tax . Available from "260 "7 " http /www "269 "7 " ehow .com /how_2076680_calculate-new-york-state-income .html "270 "8 "279 "8 "280 "9 "289 "9 "290 "10 "299 "10 "300 "11 "309 "11 "310 "12 "319 "12 "320 "13 "329 "13 "330 "14 "339 "14 "340 "16 "349 "16 "350 "17 "359 "17 "360 "19 "369 "19 "370 "20 "379 "20 "380 "22 "389 "22 "390 "23 "399 "23 "400 "25 "409 "25 "410 "26 "419 "26 "420 "28 "429 "28 "430 "29 "439 "29 "440 "31 "449 "31 "450 "32 "459 "32 "460 "34 "469 "34 "470 "35 "479 "35 "480 "32 "489 "32 "490 "38 "499 "38 "500 "40 "FRIENDLY TOOLS INC , Madison , NY "PAY SLIP 01859 "Wages for the week starting : 09 .17 .07 "1 "Employee data "a "Name : Raymond Brown "b "ID No : FT-047 "c "Marital Status : Married "d "Category : Hourly rated "e "Hourly wage (i ) single rate "5 (ii ) Time and half rate "7 .5 (iii ) Double rate "10 "f "Tax withholdings (Form W4 "2 "Hours "Hours "Hours "Amount "Item total "2 "Earnings "a "Normal wage hours "40 "200 "b "One and half rate wage hours "11 "82 .5 "c "Double rate wages "6 "60 "Total earnings "342 .5 "342 .5 "3 "Deductions "a "Social Security...