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Jennifer Ross, an employee of Hampton Company, worked 44 hours during the week of February 9 through 15. Her rate of pay is $30 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: a. Federal income tax (use the table in Figure 3, pages 293–294). b. Social Security tax at 6.2 percent. c. Medicare tax at 1.45 percent. d. Union dues, $30. Required Compute Ross’s regular pay, overtime pay, gross pay, and net pay.

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College Accounting (Book Only): A ...

13th Edition
Scott + 1 other
Publisher: South-Western College Pub
ISBN: 9781337280570
BuyFind

College Accounting (Book Only): A ...

13th Edition
Scott + 1 other
Publisher: South-Western College Pub
ISBN: 9781337280570

Solutions

Chapter
Section
Chapter 7, Problem 1PA
Textbook Problem

Jennifer Ross, an employee of Hampton Company, worked 44 hours during the week of February 9 through 15. Her rate of pay is $30 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:

  1. a. Federal income tax (use the table in Figure 3, pages 293–294).
  2. b. Social Security tax at 6.2 percent.
  3. c. Medicare tax at 1.45 percent.
  4. d. Union dues, $30.

Required

Compute Ross’s regular pay, overtime pay, gross pay, and net pay.

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