Exercise 9-18A Computing gross and net pay LO P5 Lenny Florita, an unmarried employee, works 47 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 $18.00 per hour for each hour over 40 per week), and gross pay. Then compute his FICA tax deduction (6.2% for the Social Security portion and 1.45% for the Medicare portion), income tax deduction (use the wage bracket withholding table from Exhibit 92.6), total deductions, and net pay. (Round your intermediate calculations and final answers to 2 decimal places.) $ 564.00 54.00 618.00 Hours Hourly Rate Regular pay 47 $ 12.00 Overtime pay 31 $ 18.00 Gross pay FICA Social Security tax deduction FICA Medicare tax deduction Income tax deduction Total deductions $ 38.31 8.96 47.27 Net pay 6 If the wages are- But less At least than SINGLE Persons-WEEKLY Payroll Period And the number of withholding allowances claimed is, 67 The amount of income tax to be withheld is- 10 $610 620 630 640 650 No WNOW ENEO OU AWN. COVOUDWN-00 00008 VA WE P