An employee receives an hourly rate of $30, 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, 48; federal income tax withheld, $300; cumulative earnings for year prior to current week, $90,700; social security tax rate, 6.0% on maximum of $100,000; and Medicare tax rate, 1.5% on all earnings. What is the net amount to be paid to the employee? $1,032.00 0 $1,143.00 0 $1,053.60 $1,166.40 23. Barron Corporation realizes net income of $50,000 and declares and pays cash dividends of $25,000 in the first year following acquisition by Sharpe Company I 2. Sharpe Company's share of the $50,000 of net income amounts to 3. Sharpe Company's share of the $25,000 of dividends amounts to Darren Carneration