COMPUTING NET PAY Tom Hallinan works for a company that pays its employees 142 times the regular rate for all hours worked in excess of 40 per week. Hallinan's pay rate is $15 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 81/2-hour day. His time card is on next page. $ $ $ Complete the following for the week: (a) regular hours X $14.50 per hour (b) overtime hours $21.75 per hour (c) Total gross wages (d) Federal income tax withholding (from tax tables in Figure 8-4, pages 288 and 289) (e) Social Security withholding at 6.2% (f) Medicare withholding at 1.45% (g) Total withholding (h) Net pay $ $ $. $ $ Name Mary Sue Guild Week Ending March 30, 20-- Day In Out In Out Hours Worked Regular Overtime 8 8 12 M T W T F S 7:57 7:52 7:59 8:00 7:56 8:00 1 12:05 12:09 12:15 12:01 12:05 10:31 12:35 12:39 12:45 12:30 12:34 4:33 5:05 5:30 6:31 4:30 8 8 2. CO 272