1) An employee works 39 hours during a workweek in August of 2020. He was hired six years ago, earns a salary of $116,500 per year, and is exempt from the overtime provisions of the FLSA. To date he has received no compensation beyond his annual salary. He has requested his employer to withhold 12% of gross pay to be contributed to his 403(b) plan.

2)An employee works 51 hours (11 were overtime hours) during a workweek in December of 2020. He earns $10,000 per month with his employer paying 1.5 times the regular rate of pay for overtime hours. To date, he has earned $139,000 during the year. He has requested that his employer withhold 9% of his gross pay which will be contributed to a 401(k) plan.