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An employee receives an hourly rate of $14, with time and a half for all hours worked in excess of 40 during a week. Payroll
An employee receives an hourly rate of $14, with time and a half for all hours worked in excess of 40 during a week. Payroll data for the current week are as follows: hours worked, 44; federal income tax withheld, $307; cumulative earnings for year prior to current week, $95,748; social security tax rate, 6.0% on maximum of $105,569; and Medicare tax rate, 1.5% on all earnings. What is the gross pay for the employee? Select the correct answer.
a.$644
b.$1,232
c.$616
d.$924
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