Lenny Florita, an unmarried employee, works 54 hours in the week ended January 12. His pay...

 

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Lenny Florita, an unmarried employee, works 54 hours in the week ended January 12. His pay rate is $12 per hour, and his wages have deductions for FICA Social Security, FICA Medicare, and federal income taxes. He claims two withholding allowances. Compute his regular pay, overtime pay (Lenny earns $18 per hour for each hour over 40 per week), and gross pay. Then compute his FICA tax deduction (6.2% for the Social Security portion and 1.45% for the Medicare portion), income tax deduction (use the wage bracket withholding table from Exhibit 11A.6), total deductions, and net pay. Note: Round your intermediate calculations and final answers to 2 decimal places. Regular pay Overtime premium pay Answer is not complete. Hours Hourly Rate 40 S 12.00 14 $ 18.00 Gross pay FICA-Social Security tax deduction FICA-Medicare tax deduction Income tax deduction Total deductions Net pay S 480.00 252.00 732.00 $ 45.38 10.61 55.99 Lenny Florita, an unmarried employee, works 54 hours in the week ended January 12. His pay rate is $12 per hour, and his wages have deductions for FICA Social Security, FICA Medicare, and federal income taxes. He claims two withholding allowances. Compute his regular pay, overtime pay (Lenny earns $18 per hour for each hour over 40 per week), and gross pay. Then compute his FICA tax deduction (6.2% for the Social Security portion and 1.45% for the Medicare portion), income tax deduction (use the wage bracket withholding table from Exhibit 11A.6), total deductions, and net pay. Note: Round your intermediate calculations and final answers to 2 decimal places. Regular pay Overtime premium pay Answer is not complete. Hours Hourly Rate 40 S 12.00 14 $ 18.00 Gross pay FICA-Social Security tax deduction FICA-Medicare tax deduction Income tax deduction Total deductions Net pay S 480.00 252.00 732.00 $ 45.38 10.61 55.99

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