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An employee earns $30 per hour and 1.5 times that rate for all hours in excess of 40 hours per week. If the employee worked
An employee earns $30 per hour and 1.5 times that rate for all hours in excess of 40 hours per week. If the employee worked 54 hours during the week. Assume that the social security tax rate is 6.0%, the Medicare tax rate is 1.5%, and the employees federal income tax withheld is $295.
a. Determine the employees gross pay for the week.
b. Determine the employees net pay for the week. Round your answer to two decimal places.
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