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13 An employee receives an hourly wage rate of $15, with time and a half for all hours worked in excess of 40 during the
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An employee receives an hourly wage rate of $15, with time and a half for all hours worked in excess of 40 during the first week of the calendar year. Payroll data for the first week of the calendar year are as follows: hours worked. 48: federal income tax withheld. $120: social security tax rate, 6%; and Medicare tax rate, 1.5%; state unemployment compensation tax, 3.4% on the first $7,000: federal unemployment compensation tax, 0.8% on the first $7,000. What is the net amount to be paid to the employee? O $601.50 $660.00 $568.74 $574.90Step by Step Solution
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