Rick Davis, an employee of ABC Motors, worked 42 hours during the week of September 12 through
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Rick Davis, an employee of ABC Motors, worked 42 hours during the week of September 12 through 18. His rate of pay is $30 per hour, and he receives time-a-half for work in excess of 40 hours per week. Rick is married and claims zero allowances on his W-4 form. Rick's YTD earnings before this pay period are $47,250, 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), $75.
e. United Way contribution, $25.
Required
Compute Rick's regular pay, overtime pay, gross pay, and net pay.
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