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An employee works 4 7 hours ( 4 7 - 4 0 were overtime hours ) during a workweek in October of 2 0 2

An employee works 47 hours (47-40 were overtime hours) during a workweek in October of 2023. The employee earns $46/hour, with his employer paying 1.5 times the regular rate of pay for overtime hours. To date, he has earned $1163,050 during the present year. He has requested that his employer withhold 7% of gross pay, which is to be contributed to a 401(k) plan.

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