Exercise $9-20$A $($Algo$)$ Computing gross and net pay LO P$5$

Lenny Florita, an unmarried employee, works $44$ hours in the week ended January $12.$ His pay rate is $$14$ per hour, and his wages have

deductions for FICA Social Security, FICA Medicare, and federal income taxes. He claims four withholding allowances. Compute his

regular pay, overtime pay $($Lenny earns $$21$ per hour for each hour over $40$ per week$),$ and gross pay. Then compute his FICA tax

deduction $(6\mathrm{.}2\%$ for the Social Security portion and $1\mathrm{.}45\%$ for the Medicare portion$),$ income tax deduction $($use the wage bracket

withholding table from Exhibit $11$A$\mathrm{.}6),$ total deductions, and net pay.

Note: Round your intermediate calculations and final answers to $2$ decimal places.