The payroll records of Simple Software show the following information about Tom Smith, an employee, for the weekly pay period ending September 30, 2013. Compute his Social Security tax (6.2%), Medicare tax (1.45%), federal income tax withholding (as provided), state income tax (5.0%), and net pay for the current pay period. Smith also contributes $5.00 per pay period to the Unity Way organization. The state income tax is 5% of gross pay. Federal income tax to be withheld from her paycheck should be $93. Use the template below. Total (gross) earnings for current pay period . . . . . . . $ 735 Template: Gross pay for period $ Net pay for period $
