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1) An employee works 49 hours (49 - 40 were overtime hours) during a workweek in December of 2018. He earns $8,500/month, with his employer
1) An employee works 49 hours (49 - 40 were overtime hours) during a workweek in December of 2018. He earns $8,500/month, with his employer paying 1.5 times the regular rate of pay for overtime hours. To date, he has earned $110,100 during the year. He has requested that his employer withhold 12.5% 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 =$
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