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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SINGLE Persons-WEEKLY Payroll Period Ir the wages are- And the number of withholding allowances claimed At least But loss o The amount of income tax to be withheld is- $800 810S7ES87 36$939S30 $21$1238 S0 610 69 61 50 32 13 15 18 1B 19 21 630 81 24 25 630 640 650 38 10 670 680 690 700 75 78 78 B1 63 56 59 61 62 47 48 50 39 41 12 13 14 18 17 19 670 31 96 70 71 73 74 24 25 53 54 56 34 35 700 710 101 10 710 104 65 47 2B 7307400$3754330 12 740 750 111 80 80 42 23