Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Computing Net Pay Tom Hallinan works for a company that pays its employees 1 times the regular rate for all hours worked in excess of

Computing Net Pay Tom Hallinan works for a company that pays its employees 1 times the regular rate for all hours worked in excess of 40 per week. Hallinan's pay rate is $12 per hour. His wages are subject to deductions for federal income tax, Social Security tax, and Medicare tax. He is married and claims five withholding allowances. Hallinan has a 12-hour lunch break during an 82-hour day. His time card is shown below. Name Week Ending a. b. C. d. e. f. Day g. E T W Tu F S Tom Hallinan March 30, 20-- In 7:55 7:59 7:59 8:00 7:58 7:59 Out In Out 12:02 12:32 5:33 12:04 12:34 6:05 12:05 12:35 4:30 12:01 12:30 5:01 12:02 12:31 5:33 9:33 Complete the following for the week: If required, round your answers to two decimal places. regular hours X $12 per hour overtime hours X $18 per hour Hours Worked Total gross wages Federal income tax withholding (Tax Tables: Refer to Figure 8-4 in the text.) Social Security withholding at 6.2% Medicare withholding at 1.45% Total withholding Regular 8 8 8 8 8 Overtime 1 1 00000000 1 1
image text in transcribed
image text in transcribed
Tom Hallinan works for a company that pays its employees 11/2 times the regular rate for all hours worked in excess of 40 per week. Hallinan's pay rate is $12 per hour. His wages are subject to deductions for federal income tax, Social Security tax, and Medicare tax. He is married and claims five withholding allowances. Hallinan has a 1/2-hour lunch break during an 8/2-hour day. His time card is shown below. Complete the following for the week: If required, round your answers to two decimal places. Tom Hallinan works for a company that pays its employees 11/2 times the regular rate for all hours worked in excess of 40 per week. Hallinan's pay rate is $12 per hour. His wages are subject to deductions for federal income tax, Social Security tax, and Medicare tax. He is married and claims five withholding allowances. Hallinan has a 1/2-hour lunch break during an 81/2-hour day. His time card is shown below. Complete the following for the week: If required, round your answers to two decimal places

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started