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An employee works 51 hours (51 - 40 were overtime hours) during a workweek in December of 2019. He earns $10,000/month, with his employer paying
An employee works 51 hours (51 - 40 were overtime hours) during a workweek in December of 2019. He earns $10,000/month, with his employer paying 1.5 times the regular rate of pay for overtime hours. To date, he has earned $134,200 during the year. He has requested that his employer withhold 9% of gross pay, which is to be contributed to a 401(k) plan.
Taxable income for federal income tax withholding =
Taxable income for social security tax =
Taxable income for medicare tax =
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