Accounting Scenario 1Clara Tate an employee of Harrow's Accounting Firm, worked 44 hours during the week of June 8 through 12. Her rate of pay is $15 per hour and she receives time-and-a-half for work in excess of 40 hours per week. She is married and claims two allowances on her W-4 form. Her wages are subject to the following deductions:Federal income tax (use the table in the link below).Social Security tax at 6.2 percent.Medicare tax at 1.45 percent.Union dues, $30.00What you must do:Compute Clara’s:regular payovertime paygross paynet paySubmission FormatTo help you calculate the amounts to be withheld for Clara, use the attached 2016 Withholding Table (Word.doc).

Part 1 Regular pay =regular hours worked x hourly rate of pay = 40 * 15 = $600 Part 2 Overtime pay =…

Answered: Clara Tate an employee of Harrow's…

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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Accounting Scenario 1

Clara Tate an employee of Harrow's Accounting Firm, worked 44 hours during the week of June 8 through 12. Her rate of pay is $15 per hour and she receives time-and-a-half for work in excess of 40 hours per week. She is married and claims two allowances on her W-4 form. Her wages are subject to the following deductions:

Federal income tax (use the table in the link below).
Social Security tax at 6.2 percent.
Medicare tax at 1.45 percent.
Union dues, $30.00

What you must do:

Compute Clara’s:

regular pay
overtime pay
gross pay
net pay

Submission Format

To help you calculate the amounts to be withheld for Clara, use the attached 2016 Withholding Table (Word.doc).

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