Sheffield 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, Sheffield works 45 hours. Sheffield's federal income tax withholding is $94, she has no voluntary deductions, and the FICA tax rate is 7.65%. Compute Sheffield 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

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A: 1) Calculation of Pay: Gross Pay = 40 hours ×$16= $640   Overtime Pay = 5 hours × $16 × 1.5= $120…

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A:

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