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During the first week of January, an employee works 49 hours. For this company, workers earn 150% of their regular rate for hours in excess

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During the first week of January, an employee works 49 hours. For this company, workers earn 150% of their regular rate for hours in excess of 40 per week. Her pay rate is $20 per hour and her wages are subject to no deductions other than FICA Social Security, FICA Medicare, and federal income taxes. The tax rate for Social Security is 62% of the first $132,900 earned each calendar year and the FICA tax rate for Medicare is 1.45% of all earnings The current FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. Both unemployment taxes are applied to the first $7,000 of an employee's pay. The employee has $83 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.) 2:19:15 Multiple Choice 5107000 $164,05 $966.16 3905.15 C $98700

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