Question: Lisa Meilo works for Pacific Company which pays its employees
Lisa Meilo works for Pacific Company, which pays its employees time- and- a- half for all hours worked in excess of 40 per week. Meilo’s pay rate is $ 37 per hour. Her wages are subject to federal income tax, a Social Security tax deduction at the rate of 4.2 percent, and a Medicare tax deduction at the rate of 1.45 percent. She is married and claims three allowances. Meilo has an unpaid half- hour lunch break during an 8 ½ - hour day. In the most recent pay period, she worked 50 hours. Meilo’s beginning cumulative earnings are $ 73,654.
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