More info For all payroll calculations, use the following tax rates and round amounts to the nearest cent Employee: OASDI: 6.2% on first $132,900 earned; Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000. Employer: OASDI: 6.2% on first $132,900 earned; Medicare: 1.45%; FUTA: 0.6% on first $7,000 earned; SUTA: 5.4% on first $7,000 earnedHolden Smith manages a Frosty World drive-in. His straight-time pay is $17 per hour, with time-and-a-half for hours in excess of 40 per week. Smith's payroll deductions include withheld income tax of 30%, FICA tax, and a weekly deduction of $12 for a charitable contribution to United Way. Smith worked 52 hours during the week. 1 (Click the icon to view payroll tax rate information.) Read the requirements Requirement 1. Compute Smith's gross pay and net pay for the week. Assume earnings to date are $17,000. (Round all amounts to the nearest cent) Begin by computing Smith's gross pay for the week. Gross Pay