Question
Brief Exercise 10-5 Betsy Strand's regular hourly wage rate is $16, and she receives an hourly rate of $24for work in excess of40hours. During a
Betsy Strand's regular hourly wage rate is $16, and she receives an hourly rate of $24for work in excess of40hours. During a January pay period, Betsy works47hours. Betsy's federal income tax withholding is $95, and she has no voluntary deductions.
Compute Betsy Strand's gross earnings and net pay for the pay period. Assume that the FICA tax rate is7.65%.(Round answers to 2 decimal places, e.g. 15.25.)
Betsy Strand's gross earnings$
Betsy Strand's net pay$
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Advanced Financial Accounting
Authors: Theodore E. Christensen, David M. Cottrell, Richard E. Baker
10th edition
78025621, 978-0078025624
