Calculate gross pay for the weekly pay period, then determine taxable income used to calculate federal income tax withholding, Social Security, and Medicare tax.

An employee works 48 hours (48 - 40 were overtime hours) during a workweek in December of 2019. He earns $8,000/month, with his employer paying 1.5 times the regular rate of pay for overtime hours. To date, he has earned $110,300 during the year. He has requested that his employer withhold 11.5% of gross pay to contribute to a 403(b) plan.


Taxable income for federal income tax withholding = $

Taxable income for social security tax = $

Taxable income for medicare tax = $

Answer rating: 100% (QA)

SOLUTION 1 As the rate of Federal Income tax is differ based on the income cover in the fo... View the full answer