Lee Symmons, an employee of Herrington Distributing Com- P.0.1,2 pany, worked forty-six hours during the week of

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Lee Symmons, an employee of Herrington Distributing Com- P.0.1,2 pany, worked forty-six hours during the week of February 9 through 15. Flis rate of pay is $16.00 per hour, and he gets time-and-a-half for work in excess of forty hours per week. He is married and claims one exemption on his W-4 form. His wages are subject to the following deductions:

a. Federal income tax (use the table in Figure 7-3, page 256).

b. Social Security tax at 6.2 percent.

c. Medicare tax at 1.45 percent.

d. Union dues, $9.60.

e. Medical insurance, $32.90.

Instructions Check Figure Compute his regular pay, overtime pay, gross pay, and net pay. Net pay, $589.52

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College Accounting Chapters 1-26

ISBN: 9780395796993

6th Edition

Authors: Douglas J. McQuaig, Patricia A. Bille

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