LaShonda Blake, an unmarried employee, works 48 hours in the week ended January 12. Her pay rate
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LaShonda Blake, an unmarried employee, works 48 hours in the week ended January 12. Her pay rate is $12 per hour, and her wages are subject to no deductions other than FICA—Social Security, PICA Medicare, and fedeial income taxes. She claims two withholding allowances. Compute her regular pay, overtime pay (overtime premium is 50% of the regular rate for hours in excess of 40 per week), and gross pay. Then compute her FICA tax deduction (use 6.2% for the Social Security por¬ tion and 1.45% for the Medicare portion), income tax deduction (use the wage bracket withholding table of Exhibit 11A.6), total deductions, and net pay.
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Related Book For
Fundamental Accounting Principles
ISBN: 9780072946604
17th Edition
Authors: Kermit D. Larson, John J Wild, Barbara Chiappetta
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