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During the first week of January, an employee works 4 6 hours. For this company, workers earn 1 5 0 % of their regular rate
During the first week of January, an employee works hours. For this company, workers earn of their regular rate for hours in excess of per week. Her pay rate is $ per hour, and her wages are subject to no deductions other than Federal Insurance Contributions Act FICA Social Security, Federal Insurance Contributions Act FICA Medicare, and federal income taxes. The tax rate for Social Security is of the first $ earned each calendar year and the Federal Insurance Contributions Act FICA tax rate for Medicare is of all earnings. The current Federal Unemployment Taxes FUTA tax rate is and the State Unemployment Taxes SUTA tax rate is Both unemployment taxes are applied to the first $ of an employees pay. The employee has $ in federal income taxes withheld. What is the amount of this employees net pay for the first week of January? Round your intermediate calculations to two decimal places.
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