Gloria Traxell is paid $800 for a 40-hour workweek and time-and-a-half for hours above 40. Requirements 1.
Question:
Gloria Traxell is paid $800 for a 40-hour workweek and time-and-a-half for hours above 40.
Requirements
1. Compute Traxell’s gross pay for working 48 hours during the first week of February. Carry amounts to the nearest cent.
2. Traxell is single, and her income tax withholding is 10% of total pay. Traxell’s only payroll deductions are payroll taxes. Compute Traxell’s net (take-home) pay for the week. Use a 7.65% FICA tax rate, and carry amounts to the nearest cent.
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Related Book For 
Financial and Managerial Accounting
ISBN: 978-0132497978
3rd Edition
Authors: Horngren, Harrison, Oliver
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