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An employee receives an hourly rate of $25, with time and a half for all hours worked in excess of 40 during a week. Payroll
An employee receives an hourly rate of $25, 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 46 federal income tax withheld, $350; social security tax rate, 6.2% on maximum of $120,000; andMedicare tax rate, 1.45% on all earnings. What is the net amount (rounded) to be paid the employee?
a. $781
b. $875
c. $1,127
d. $1,225.00
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