Jim Moss, an employee of Jones International, worked 49 hours during the week of April 4 through 10. His rate of pay is $15 per hour, and he receives time and a half for work in excess of 40 hours per week. Jim is married and claims four allowances on his W-4 form. Jim's YTD earnings before this pay period are $7,600, and his wages are subject to the following deductions:

a. Federal income tax (use the table in Figure 3, pages 293-294).

b. Social Security tax at 6.2 percent, with a wage limit of $118,500.

c. Medicare tax at 1.45 percent.

d. Medical insurance premium (after tax), $50.

e. United Way contribution, $10.

Required

Compute Jim's regular pay, overtime pay, gross pay, and net pay.