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An employee receives an hourly rate of $18, with time and a half for all hours worked in excess of 40 during a week. Payroll
An employee receives an hourly rate of $18, 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, 45 federal income tax withheld, $371 cumulative earnings for year prior to current week, $95,114 social security tax rate, 6.0% on maximum of $101,000 and Medicare tax rate, 1.5% on all earnings. What is the gross pay for the employee? Select the correct answer.
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