Question: Help Save & Edt Submit During the first week of January, an employee works 46 hours. For this company, workers eam 150% of their regular

 Help Save & Edt Submit During the first week of January,
an employee works 46 hours. For this company, workers eam 150% of

Help Save & Edt Submit During the first week of January, an employee works 46 hours. For this company, workers eam 150% of their regular rate for hours in excess of 40 per week. Her pay rate is $12 per hour, and her wages are subject to no deductions other than FICA Social Security, FICA Medicare and federal income taxes. The tax rate for Social Security is 6.2% of the first $118.500 earned each calendar year and the FICA tax rate for Medicare i 145of all earnings. The current FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. Both unemployment taxes are applied to the first $7.000 of an employee's pay the employee has $91 in federal income taxes withheld. What is the amount of this employee's gross pay for the first week of January Multiple Choice O $588 O $880 $828 5552 $728

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!