Question: 1. Compute Oldham's gross pay for working 48 hours during the week. Straight-time pay for 40 hours $880 Overtime pay for 8 hours 264 Total

1. Compute Oldham's gross pay for working 48 hours during the week. Straight-time pay for 40 hours $880 Overtime pay for 8 hours 264 Total gross pay $1,144 Part 2 2. Oldham's income tax withholding is 20% of total gross pay. His only payroll deductions are payroll taxes. Compute Oldham's net pay for the week, using a 7.65% FICA tax rate. Assume his total earnings for the year prior to this pay period total $ 48 comma 300. Round amounts to the nearest cent. (Round amounts to the nearest cent, X.XX.) Total gross pay 1144 Deductions: Withheld income tax 228.80 FICA tax 87.51 316.32 Net pay 827.68

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