Mary Sue Guild works for a company that pays its employees 1 times the regular rate for

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Mary Sue Guild works for a company that pays its employees 1½ times the regular rate for all hours worked in excess of 40 per week. Guild's pay rate is $10.00 per hour. Her wages are subject to deductions for federal income tax, Social Security tax, and Medicare tax. She is married and claims four withholding allowances. Guild has a ½-hour lunch break during an 8½-hour day. Her time card is shown below.


Mary Sue Guild Name Week Ending March 30, 20-- Hours Worked In In Day Out Out Regular Overtime 4:33 5:05 5:30 7:57 7:52


Complete the following:
(a) __________ regular hours x $10.00 per hour $__________
(b) __________ overtime hours x $15.00 per hour $__________
(c) Total gross wages $__________
(d) Federal income tax withholding (from tax tables in
Figure, pages 286 and 287) $__________
(e) Social Security withholding at 6.2% $__________
(f) Medicare withholding at 1.45% $__________
(g) Total withholding $__________
(h) Net pay$__________

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College Accounting

ISBN: 978-0538745192

20th Edition

Authors: Heintz and Parry

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