Michael Anderson, Social Security No. 999-00-3691, works for a weekly paycheck. He is single and claims no allowances. Last week he worked five days, for a total of 46 hours. His regular rate of pay is $7.80 an hour.
In addition to required deductions and social security and Medicare taxes, he also has insurance withheld of $16 a week and puts 4 percent of his gross pay into a retirement account. Use the state and federal tax withholding tables on textbook pages 38–39.
If an amount box does not require an entry, leave it blank or enter "0".
EMPLOYEE WITHHOLDING SHEET
Employee Name
Michael Anderson
Social Security Number
999-00-3691
Pay Period:
weekly
Number of Allowances:
0
single
GROSS PAY
1. Regular Wages:
40
hours at $
7.80
/hr. = $
312
or
2. Regular Salary: =
3. Overtime:
6
hours at $
/hr. =
GROSS PAY $
REQUIRED DEDUCTIONS
4. Federal Income Tax (use tax tables) $
5. State Income Tax (use tax tables) $
6. Social Security Tax (use 6.2% × gross pay) $
7. Medicare Tax (use 1.45% × gross pay) $
OTHER DEDUCTIONS
8. Insurance $
9. Union Dues $
10. Credit Union $
11. Savings $
12. Retirement $
13. Charity $
14. Other: $
TOTAL DEDUCTIONS (total lines 4 through 14) $
NET PAY (subtract total deductions from gross pay) $
