Calculate the weekly Net Pay for the first week in February 2021: Set up the employee in detail using Excel. Mr. Adam Miller, is an hourly employee who earns $24.00 per hour. He is paid weekly and...


Calculate the weekly Net Pay for the first week in February 2021: Set up the employee in detail using<br>Excel. Mr. Adam Miller, is an hourly employee who earns $24.00 per hour. He is paid weekly and worked<br>45 hours for the current week. His federal withholding tax rate is 10% and his DC State withholding rate<br>is 6%; his weekly voluntary deductions are a $30.00 for health insurance; a $20 Flexible Spending Plan; a<br>401K contribution of $50. The employer, Vtech Company, SUI rate is 3% on Adam's entire weekly salary.<br>(1) Calculate Adam's payroll from Gross to Net. (2) Calculate the Employer's Payroll related taxes.<br>

Extracted text: Calculate the weekly Net Pay for the first week in February 2021: Set up the employee in detail using Excel. Mr. Adam Miller, is an hourly employee who earns $24.00 per hour. He is paid weekly and worked 45 hours for the current week. His federal withholding tax rate is 10% and his DC State withholding rate is 6%; his weekly voluntary deductions are a $30.00 for health insurance; a $20 Flexible Spending Plan; a 401K contribution of $50. The employer, Vtech Company, SUI rate is 3% on Adam's entire weekly salary. (1) Calculate Adam's payroll from Gross to Net. (2) Calculate the Employer's Payroll related taxes.

Jun 10, 2022
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