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5. Sally worked 50 hours and has a regular rate of pay of $14.80 per hour with an overtime rate of twice her regular rate of pay. Her federal income tax withholding for this pay period is $40 and there is no state withholding for this pay period. Her year to date wages prior to this paycheck are $6,850. Calculate her net paycheck as well as the total payroll tax expense to the company assuming a SUTA rate of 4%.

5. Sally worked 50 hours and has a regular rate of pay of $14.80 per hour with an overtime rate of twice her regular rate of pay. Her federal income tax withholding for this pay period is $40 and there is no state withholding for this pay period. Her year to date wages prior to this paycheck are $6,850. Calculate her net paycheck as well as the total payroll tax expense to the company assuming a SUTA rate of 4%.

College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter7: Employee Earnings And Deductions
Section: Chapter Questions
Problem 5PA
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5. Sally worked 50 hours and has a regular rate of pay of $14.80 per hour with an overtime rate of twice her regular rate of pay. Her federal income tax withholding for this pay period is $40 and there is no state withholding for this pay period. Her year to date wages prior to this paycheck are $6,850. Calculate her net paycheck as well as the total payroll tax expense to the company assuming a SUTA rate of 4%.
Transcribed Image Text:5. Sally worked 50 hours and has a regular rate of pay of $14.80 per hour with an overtime rate of twice her regular rate of pay. Her federal income tax withholding for this pay period is $40 and there is no state withholding for this pay period. Her year to date wages prior to this paycheck are $6,850. Calculate her net paycheck as well as the total payroll tax expense to the company assuming a SUTA rate of 4%.
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