Jim Moss, an employee of Jones International, worked 49 hours during the week of April 4 through 10. His rate of pay is $ 15 per hour, and he receives time- a-half for work in excess of 40 hours per week. Jim is married and claims four allowances on his W- 4 form. Jim’s YTD earnings before this pay period are $ 7,600, and his wages are subject to the following deductions:
a. Federal income tax (use the table in Figure).
b. Social Security tax at 4.2 percent, with a wage limit of $ 106,800.
c. Medicare tax at 1.45 percent.
d. Medical insurance premium (after tax), $ 50.
e. United Way contribution, $ 10.
Compute Jim’s regular pay, overtime pay, gross pay, and net pay.