Question: xercise 9-18A Computing gross and net pay LO P5 Lenny Florita, an unmarried employee, works 48 hours in the week ended January 12. His pay

xercise 9-18A Computing gross and net pay LO P5

Lenny Florita, an unmarried employee, works 48 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 four withholding allowances. Compute his regular pay, overtime pay (Lenny earns $18 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 9A.6), total deductions, and net pay. (Round your intermediate calculations and final answers to 2 decimal places.)

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!

Exercise 9-20A (Static) Computing gross and net pay LO P5 Lenny Florita, an unmarried employee, works 48 hours in the week ended January 12 . His pay rate is $14 per hour, and his wages have...

Exercise 9-18A Computing gross and net pay LO P5 Lenny Florita, an unmarried employee, works 48 hours in the week ended January 12. His pay rate is $14 per hour, and his wages have deductions for...

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...

Exercise 9-18A Computing gross and net pay LO P5 Lenny Florita, an unmarried employee, works 45 hours in the week ended January 12. His pay rate is $14 per hour, and his wages have deductions for...

You received partial credit in the previous attempt. Check my work View previous attempt Exercise 9-18A Computing gross and net pay LO P5 Lenny Florita, an unmarried employee, works 46 hours in the...

Exercise 11-18A Computing gross and net pay LO P5 Lenny Florita, an unmarried employee, works 46 hours in the week ended January 12. His pay rate is $13 per hour, and his wages have deductions for...

Exercise 9-18A Computing gross and net pay LO P5 Lenny Florita, an unmarried employee, works 46 hours in the week ended January 12. His pay rate is $13 per hour, and his wages have deductions for...

Exercise 1 1 - 2 0 A ( Algo ) Computing gross and net pay LO P 5 Lenny Florita, an unmarried employee, works 5 4 hours in the week ended January 1 2 . His pay rate is $ 1 2 per hour, and his wages...

Exercise 11-20A (Algo) Computing gross and net pay LO P5 Lenny Florita, an unmarried employee. works 48 hours in the week ended January 12 . His pay rate is $12 per hour, and his wages have...

Exercise 9-20A (Static) Computing gross and net pay LO P5 Lenny Florita, an unmarried employee, works 48 hours in the week ended January 12 . His pay rate is $14 per hour, and his wages have...

Should life insurance needs be based on a family's dream (expectations) for the future? Why or why not? Please form an opinion and support your opinion with facts from the readings.

Item C of the Springdale Shopping Survey, introduced at the end of Chapter 2, describes variables 79 for the survey. These variables represent the general attitude respondents have toward each of the...

You are leading a software development project to create a new mobile application for a client in the healthcare industry. As the project progresses, you identify a significant risk related to data...

Find the radius of gyration of a plate covering the region bounded by x=3, x=5, y=0, and y=4 with respect to the y-axis.

Have I incorporated my research into my outline effectively?

C Do you think that shows like CSI have an ethical responsibility to depict forensic science more realistically? Or is it the audiences responsibility to separate entertainment from reality?

A Do you watch shows like CSI, Bones, and Cold Case? How realistic do you think they are? Does popular culture have an impact on how individuals perceive evidence? Would it affect you if you were on...