Rick Davis, an employee of ABC Motors, worked 42 hours during the week of September 12 through 18. His rate of pay is $ 30 per hour, and he receives time- a-half for work in excess of 40 hours per week. Rick is married and claims zero allowances on his W- 4 form. Rick’s YTD earnings before this pay period are $ 47,250, 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), $ 75.
e. United Way contribution, $ 25.

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

  • CreatedOctober 21, 2014
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