An employee earns $44 per hour and 1.75 times that rate for all hours in excess of 40 hours per week. Assume that the employee worked 55 hours during the week. Assume that the FICA tax rate is 7.5% and that federal income tax of $670 was withheld. a. Determine the gross pay for the week. p. Determine the net pay for the week. Round intermediate calculations and your final answer to the nearest cent, if rounding is required.

An employee earns $44 per hour and 1.75 times that rate for all hours in excess of 40 hours per week. Assume that the employee worked 55 hours during the week. Assume that the FICA tax rate is 7.5% and that federal income tax of $670 was withheld. a. Determine the gross pay for the week. p. Determine the net pay for the week. Round intermediate calculations and your final answer to the nearest cent, if rounding is required.

College Accounting (Book Only): A Career Approach

12th Edition

ISBN:9781305084087

Author:Cathy J. Scott

Publisher:Cathy J. Scott

Chapter7: Employee Earnings And Deductions

Section: Chapter Questions

Problem 1PA

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