Accounting and Finance Foundations

Unit 8

Accounting and Finance Foundations Unit 8: Payroll 659

Payroll

Chapter 19

Lesson 19.3

Student Guide

If Nancy is married with 2 exemptions (M:2) and paid on a weekly basis, what is her net pay?

From the Internal Revenue Service’s Publication 15 (Circular E), Employer’s Tax Guide (p. 40), found at

http://www.irs.gov/pub/irs-pdf/p15.pdf.

Employee Taxes (cont’d)