Question: Exercise 11-20A (Algo) Computing gross and net pay LO P5 Lenny Florita, an unmarried employee. works 48 hours in the week ended January 12 .

Exercise 11-20A (Algo) Computing gross and net pay LO P5 Lenny Florita, an unmarried employee. works 48 hours in the week ended January 12 . His pay rate is $12 per hour, and his wages have deductions for FICA Social Security. FICA Medicare, and federal income taxes. He claims two withholding allowances. Compute his regular pay, overtime pay (Lenny earns $18 per hour for each hour over 40 per week), and gross pay. Then compute his FICA tax deduction (6.2% for the Social Securty portion and 1.45\% for the Medicare portion), income tax deduction (use the wage bracket witholding table from Exhibit 11A.6), total deductions, and net pay. (Round your intermediate calculations ond finol answers to decimal pleces.) Table

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