An employee receives an hourly wage rate of $18, with time and a half for all hours worked in excess of 40 hours during a week. Payroll data for the current week are as follows: hours worked, 45; federal income tax withheld, $304; social security tax rate, 6.0%; and Medicare tax rate, 1.5% on all earnings. What is the gross pay for the employee?
Select the correct answer.
$810
$1,215
$1,620
$855
| Regular earnings (40x$18) | $ 720 |
| Overtime earnings ((45-40) x $18 x 1.5) | $ 135 |
| Gross pay for the employee | $ 855 |
Answer: $855.
An employee receives an hourly wage rate of $18, with time and a half for all...
An employee receives an hourly wage rate of $19, with time and a half for all hours worked in excess of 40 hours during a week. Payroll data for the current week are as follows: hours worked, 43; federal income tax withheld, $324; social security tax rate, 6.0%; and Medicare tax rate, 1.5% on all earnings. What is the gross pay for the employee? Select the correct answer. $846 $1,226 $817 $1,634
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please help!!
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