1: An employee works 42 hours (42-40 were overtime hours) during a workweek in December of 2023. He earns $40.50/hour, with his employer paying 1.5 times the regular rate of pay for overtime hours. To date, he has earned $159,600 during the year. He has requested that his employer withhold 7% of gross pay to contribute to a 403(b) plan. Taxable income for federal income tax withholding - $ Taxable income for social security tax - $ Taxable income for medicare tax = $ 2: An employee works 37 regular hours during a workweek in August of 2023. He was hired four years ago, earns a salary of $140,200/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 that his employer withhold 8% of gross pay to contribute to a 401(k) plan. Taxable income for federal income tax withholding-S Taxable income for social security tax = 5 Taxable income for medicare tax $ 3: An employee works 50 hours (50-40 were overtime hours) during a workweek in December of 2023. He eams $9.500/month, with his employer paying 1.5 times the regular rate of pay for overtime hours. To date, he has earned $114,500 during the year. He has requested that his employer withhold 13% of gross pay to contribute to a 403(b) plan. Taxable income for federal income tax withholding-5 Taxable income for social security tax = $ Taxable income for medicare tax = $