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Compute net pay and record pay for one employee. (LO 3) E11-9B Brenda Stine's regular hourly wage rate is $18, and she receives a wage
Compute net pay and record pay for one employee. (LO 3) E11-9B Brenda Stine's regular hourly wage rate is $18, and she receives a wage of 142 times the regular hourly rate for work in excess of 40 hours. During a March weekly pay period Brenda worked 42 hours. Her gross earnings prior to the current week were $6,000. Brenda is married and claims three withholding allowances. Her only voluntary deduction is for group hospitalization insurance at $20 per week. Assume federal income tax withheld is $76. Instructions (a) Compute the following amounts for Brenda's wages for the current week. (1) Gross earnings. (2) FICA taxes. (Assume a 7.65% rate on maximum of $117,000.) Exercises: Set B (3) State income taxes withheld. (Assume a 2.0% rate.) (4) Net pay. (b) Record Brenda's pay
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