Coronado Corbin's regular hourly wage rate is $16, and she receives an hourly rate of $24 for work in excess of 40 hours. During a January pay period, Coronado works 50 hours. Coronado's federal income tax withholding is $96, she has no voluntary deductions, and the FICA tax rate is 7.65%. Compute Coronado Corbin's gross earnings and net pay for the pay period. (Round Intermediate calculation and final answers to 2 decimal places, eg. 15.25.) Gross earnings Net pay %24

Coronado Corbin's regular hourly wage rate is $16, and she receives an hourly rate of $24 for work in excess of 40 hours. During a January pay period, Coronado works 50 hours. Coronado's federal income tax withholding is $96, she has no voluntary deductions, and the FICA tax rate is 7.65%. Compute Coronado Corbin's gross earnings and net pay for the pay period. (Round Intermediate calculation and final answers to 2 decimal places, eg. 15.25.) Gross earnings Net pay %24

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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