Question: Tad newbern an unmarried employee works 47 hours in the
Tad Newbern, an unmarried employee, works 47 hours in the week ended January 12. His pay rate is $12 per hour, and his wages are subject to no deductions other than FICA—Social Security, FICA—Medicare, and federal income taxes. He claims two withholding allowances. Compute his regular pay, overtime pay (overtime premium is 50% of the regular rate for hours in excess of 40 per week), and gross pay. Then compute his FICA tax deduction (use 6.2% for the Social Security portion and 1.45% for the Medicare portion), income tax deduction (use the wage bracket withholding table of Exhibit 9A.6), total deductions, and net pay. (Round tax amounts to the nearest cent.)
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