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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.
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, 43; federal income tax withheld, $329; cumulative earnings for year prior to current week, $96,228; social security tax rate, 6.0% on maximum of $103,541; and Medicare tax rate, 1.5% on all earnings. What is the gross pay for the employee? Select the correct answer. Oa. $602 Ob. $623 Oc. $1,204 Od. $903
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