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gator regular hourly rate is $15, and she receives a wage of 1 1/2 her regular...

gator regular hourly rate is $15, and she receives a wage of 1 1/2 her regular rate for work in excess of 40 hours. during a February pay period, gator worked 48 hours. gators federal income tax withholding is $70, and her only voluntary deduction is $50 for group hospitalization insurance. the FICA tax rate is 7.65%.

instructions: gators's a) gross earnings and (b) net pay for the pay period. Show all computations
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Answer #1
a)
Regular Wages (40 hours * $15 per hour) $600
Add: Overtime wages (48 hours - 40 hours = 8 hours * $15*1.5/1) $180
Gross Earnings $780
b)
Gross Earnings $780
Less: Deductions:
Federal Income Tax Withholdings ($70)
Deduction for group hospitalization ($50)
FICA ($780*7.65/100) ($59.67)
Net Pay $600
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