Homework Answers
Solution:
Given Hourly rate for regular pay = $11 per hour
Overtime pay = $16.50 per hour
Calculation of Gross pay and net pay:
| Hours | Rate Per Hour | Amount | Amount | |
| Regular Pay | 40 | $11 per hour | $440.00 | |
| Add:-Overtime Pay | 52-40=12 | $16.50 per hour | $198.00 | |
| Gross Pay | $638.00 | |||
| FICA Social Security Tax [$638*6.2%] | $39.556 | |||
| FICA Medicare Tax deduction [$638*1.45%] | $9.251 | |||
| Income Tax deduction | $53.00 | |||
| Total deductions | $101.81 | |||
| Net Pay($638.00 - $101.81) | $536.19 |
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