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An employee earns $25 per hour and 1.5 times that rate for all hours in excess of 40 hours per week. If the employee
An employee earns $25 per hour and 1.5 times that rate for all hours in excess of 40 hours per week. If the employee worked 52 hours during the week. Assume that the social security tax rate is 6.0%, the Medicare tax rate is 1.5%, and the employee's federal income tax withheld is $225. a. Determine the employee's gross pay for the week. b. Determine the employee's net pay for the week. For interim computations, carry amounts out to two decimal places. Round your final answer to tw decimal places.
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