Calculate Payroll An employee earns $36 per hour and 1.75 times that rate for all hours in excess of 40 hours per week. Assume that the employee worked 60 hours during the week. Assume that the social security tax rate was 6.0%, the Medicare tax rate was 1.5%, and federal income tax to be withheld was $621.00. a. Determine the gross pay for the week. 2,385 X If applicable, round your final answer to two decimal places. b. Determine the net pay for the week. 1,634 X Feed Check My Wort Gross pay represents the total earnings of an employee for a specific pay period, prior to taxes and deductions. Net pay is also known as take-home pay. Learning Objective 2. Chapter 10 Homework Employee Net Pay Kenneth Washington's weekly gross earnings for the week ending December 18 were $700, and his federal income tax withholding was $133. Assuming the social security rate is 6% and Medicare is 1.5% of all earnings, what is Washington's net pay? If required, round your answer to two decimal places. >