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1-Hank earns 1600per hour with timeandahalf for hours in excess of 40 per week. He worked 44hours at his job during the first week of
1-Hank earns 1600per hour with timeandahalf for hours in excess of 40 per week. He worked 44hours at his job during the first week of March, 2024. Hank pays income taxes at 15 % and 7.65 % for OASDI and Medicare. All of his income is taxable under FICA. Determine Hank's net pay for the week. (Do not round any intermediate calculations, and round your final answer to the nearest cent.)
A. $ 569.30
B. $ 625.60
C. $490.34
D. $533.20
2- Jason's gross pay for the week is 1300 . His yeartodate pay is under the limit for OASDI. Assume that the rate for state and federal unemployment compensation taxes is 6% and that Jason's yeartodate pay has not yet exceeded the 7000cap. What is the total amount of payroll taxes that his employer must record as payroll tax expenses? (Do not round your intermediate calculations. Assume a FICAOASDI Tax of 6.2% and FICAMedicare Tax of 1.4%.)
A. $177.45
B. $ 159.93
C. $73.45
D. $80.60
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