3a. (10 points) Loretta M. is an employee of IMAC Industries. She earns a wage of $17.50 per hour and is paid weekly. During the week ending November 18, 2018, she worked 45 hours. Her federal income tax is $108, Social Security tax is 6.2%, Medicare tax is 1.45%, and state income tax is 3.65% of gross pay. Employee Regular Rate b. Compute Loretta's net pay. Gross pay: -Federal income tax: -Social Security tax: -Medicare tax: -State income tax: =Net pay: Overtime rate Regular earnings Overtime earnings Gross Pay