Calculations of federal withholding and social security


Jones Company has the following employees on payroll:

Semimonthly Payroll Withholding Allowances Marital Status

Heather $4,700 4 Married
Keith $5,000 3 Married
Thad $2,400 1 Single
Abbie $3,700 2 Single

Calculate the payroll for the end of April. Include in your calculations federal withholding, social security, and Medicare taxes.

Social Security 4.2% Medicare 1.45% FIT

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Accounting Basics: Calculations of federal withholding and social security
Reference No:- TGS043995

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