An employee receives an hourly wage rate of $22, with time and a half for all hours worked in excess of 40 during the week. Payroll data for the current week are as follows: hours worked, 43; federal income tax withheld, $129; cumulative earnings for the year prior to this week, $24,274; social security tax rate, 6.0%; Medicare tax rate, 1.5%; state unemployment compensation tax, 3.4% on the first $7,000; and federal unemployment compensation tax, 0.8% on the first $7,000. What is the net amount to be paid to the employee? Round your answer to the nearest cent. O a a. $979.00 O b. $1,419.00 O c. $776.58 O d. $743.58

An employee recelves an hourly wage rate of $22, with time and a half for all hours worked in excess of 40 during the week. Payroll data for the current week are as follows: hours worked, 43 ; federal income tax withheld, $129; cumulative earnings for the year prior to this week, $24,274; social security tax rate, 6.0%; Medicare tax rate, 1.5\%; state unemployment compensation tax, 3.4% on the first $7,000; and federal unemployment compensation tax, 0.8% on the first $7,000. What is the net amount to be paid to the employee? Round your answer to the nearest cent. a. $979.00 b. $1,419.00 c. $776%8 d. $74358 An employee recelves an hourly wage rate of $22, with time and a half for all hours worked in excess of 40 during the week. Payroll data for the current week are as follows: hours worked, 43 ; federal income tax withheld, $129; cumulative earnings for the year prior to this week, $24,274; social security tax rate, 6.0%; Medicare tax rate, 1.5\%; state unemployment compensation tax, 3.4% on the first $7,000; and federal unemployment compensation tax, 0.8% on the first $7,000. What is the net amount to be paid to the employee? Round your answer to the nearest cent. a. $979.00 b. $1,419.00 c. $776%8 d. $74358