Page 181 - Budgeting for Managers
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Salary
Gross Salary
Benefits
Pre-tax Insurance
164 Budgeting for Managers $500.00 $35.00
Taxable Income
$465.00
Deductions
W-2 Withholding $41.00
Medicare $6.74
Social Security $28.83
Total Deductions $76.57
Net Salary $388.43
Table 10-2 Basic salary
TEAMFLY
Salary
Gross Salary $500.00 $46.00
W-2 Withholding
Medicare $7.25
Social Security $31.00
Total Deductions $84.25
Net Weekly Salary $415.75
Bonus
Bonus $5,000.00
W-2 Withholding $460.00
Medicare $72.50
Social Security
Total Deductions $842.50 $310.00
Net Bonus $4,157.50
Check Amount $4,573.25
Table 10-3 Basic salary
It’s important to remember that some incentives—such as
some types of insurance, transportation costs, and support for
®
Team-Fly
