Compute payroll

An employee earns $20 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 FICA tax rate is 7.5% and that federal income tax of $345 was withheld..

Compute payroll An employee earns $20 per hour and 1.75 times that rate for a. Determine the gross pay for the week hours in excess or 40 hours per week. Assume that the employee worked 60 hours during the week. Assume that the FICA tax rate is 7.5% and that federal income tax or $345 as wit he b. Determine the net pay for the week. Round intermediate calculations and your final answer to the nearest cent, if rounding is required