Question: Name 4 Hourly Wage Hours Worked Regular Pay Overtime Pay Gross Pay Taxable Pay Federal Tax FICA Net Pay 5 Spencer 2 $ 1 1

Name
4
Hourly Wage
Hours Worked
Regular Pay
Overtime Pay
Gross Pay
Taxable Pay
Federal Tax
FICA
Net Pay
5 Spencer
2
$ 11.00
45
S
440.00
$ 82.50
$ 522.50
$ 422.50
$ 105.63
$ 39.97 $
376.90
5 Wagner
1
9.00
38
342
0
342.00
342.00
85.50
26:16
230.34
7
Harvey
3
S 8.0021
168
0
168.00
168.00
25.20
12.85
129.95
8 Woods
1
$ 15.00
33
495
0
495.00
495.00
138.50
37.87
318.53
9 Price
$ 15.00
21
315
0
315.00
315.00
78.75
24.10
712.15
10 Gibson
1
$ 11.00
21
231
0
231.00
231.00
34.65
17.67
178.68
11 Gutierrez
3
$ 14.00
28
392
0
392.00
392.00
98.00
29.99
264.01
12
Willis
2
$ 13.00
31
403
0
403.00
403,00
100.75
30.83
271.42
13
Hayes
3
8.00
44
320
48
368.00
368.00
92.00
28.15
247.85
14
Cunningham
2
$ 15.00
22
330
0
330.00
330.00
82.50
25.25
222.26
15 Martinez
1
9.00
45
360
67.5
427.50
427.50
106.88
32.70
287.92
16 Davidson
2
S
8.00
34
272
0
272
272
59.84
20.808
191.352
17
Totals
$ 4,068.00
$ 198.00 $
4,266.00
$ 4,166.00
$ 1,008.29
$ 326.35
$ 2,931.36
18
Overtime Pay
Name
Regular Pay
Gross Pay
Taxable Pay
Federal Tax
FICA
Net Pay
19
20
Wagner
21
22
Taxable Pay
Assumptions
Tax Rate
23
24
Base Work Hours
40
15%
25
Overtime rate
1.5
$250
22%
26
FICA rate
7.65%
$300
25%
27
Deduction per Depend S
50.00
$450
28%
28
$525
31%
29
30
Notes
Summary Statistics
#of Hours
Gross Pay
Net Pay
Average
Highest
Lowest
311.
The base workweek is 40 hours. Regular pay is based on hourly wage and hours worked up to 40.
32
2. Overtime pay is based on overtime hours, the hourly wage, and the overtime rate.
333. The gross pay is the total of the regular pay and overtime pay.
344. The taxable pay is the difference between the gross pay and the product of the number of dependents and deduction per dependent

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