Accounting and Finance Foundations

Unit 8

Accounting and Finance Foundations Unit 8: Payroll 660

Payroll

Chapter 19

Lesson 19.3

Student Guide

Gross Pay - Deductions = Net Pay

$457 - 15 - 28.34 - 6.63 = $407.03

Employee Taxes (cont’d)

Gross pay

Federal Taxes

withheld. Found

using wage

bracket table.

Social

Security

tax

Medicare

tax Net pay