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Snyder Company has three employees Solution Solution - Below is the calculation for Federal income Tax to be withheld .

Snyder Company has three employees
Snyder Company has three employees
Solution
Solution -
Below is the calculation for Federal income Tax to be withheld
Consultant Computer Programmer Administrator
Regular Earning rates 3800 40 44
Overtime Earning rates 0 60 88
Hours Worked NA 60 50
Regular Earning at 40 hours 3800 1600 1760
Overtime Earning rates 0 1200 880
Gross Pay 3800 2800 2640
Social security tax 6% 228 168 158.4
Medicare tax 1.5% 57 42 39.6
Amount to be deducted with
one withholding allowance is
$70
140 140 70
Federal income tax withheld
Exhibit 3
212.03466 154.03466 144.75466
Net Pay 3162.9653 2295.96534 2227.24534

Snyder Company has three employees Snyder Company has three emplo.docx

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