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An employee receives an hourly rate of $15, with time and a half for all hours worked in excess of 40 during the week.
An employee receives an hourly rate of $15, with time and a half for all hours worked in excess of 40 during the week. Payroll data for the first week of the calendar year are as follows: hours worked, 48; federal income tax withheld, $136; Social security tax rate, 6%; and Medicare tax rate, 1.5%; state unemployment tax, 5.4% on the first $7,000; and federal unemployment tax, 0.8% on the first $7,000. What is the net amount to be paid to the employee? If required, round your answers to the nearest cent. a. $585.50 Ob. $525.50 Oc. $780.00 Od. $1,080.00
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