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17 vod Help Sever S Exercise 9-18A Computing gross and net pay LO P5 Vinny Vale, an unmarried employee, works 46 hours in the week
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vod Help Sever S Exercise 9-18A Computing gross and net pay LO P5 Vinny Vale, an unmarried employee, works 46 hours in the week ended January 12. His pay rate is $13 per hour, and his wages have deductions for FICA Social Security, FICA Medicare, and federal income taxes. He claims two withholding allowances Computers regular pay, overtime pay (Vinny ears $19.50 per hour for each hour over 40 per week) and gross pay. Then compute his FICA deduction (6.2% for the Social Security portion and 145% for the Medicare portion income tax deduction use the wage bracket withholding table from Exhibit 9A6), total deductions, and net pay (Round your intermediate calculations and final answers to 2 decimal places.) 22 Hourly Rate Hours Regular pay Overtime pay Gross pay FICA Social Security tax deduction FICA-Medicare tax deduction Income tax deduction Total deduction Netpay Step by Step Solution
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