her it is a mandatory deduction or a voluntary deduction: ay and Taxable Pay en determine taxable income used to calculate federal income tax ax . overtime hours) during a workweek in October of 2020. The ployer paying 1.5 times the regular rate of pay for overtime hours. the present year. He has requested that his employer withhold 8% to a 401(k) plan. uring a workweek in Septem ber of 2020. The employee was hired 2,500/year, and is exempt from the overtime provisions of the ensation beyond his annual salary. He has requested that his hich is to be contributed to a 403(b) plan. overtime hours) during a workweek in November of 2020. The is employer paying 1.5 times the regular rate of pay for overtime during the year. He has requested that his employer withhold 12% to a 401(k) plan