eBook Gross Pay, Deductions, and Net Pay Donald Chin works for Northwest Supplies. His rate of pay is $14.00 per hour, and he is paid 1 times the regular rate for all hours worked in excess of 40 per week. During the last week of January of the current year, he worked 48 hours. Chin is married and claims three withholding allowances on his W-4 form. His weekly wages are subject to the following deductions: a. Employee federal income tax (Tax Tables: Refer to Figure 8-4 in the text.) b. Social Security tax at 6.2% c Medicare tax at 1.45% Health insurance premium, $85 credit union, $125 (United Way contribution, $10 Required: 1. Compute Chun's regular pay, overtime pay, gross pay, and net pay If required, round your answers to the nearest cent Regular pay Overtime pay Gross pay Net pay Check My rable overtime hours. The rate is determined by multiplying the V DATE 20-- ACCOUNT TITLE DEBIT NO. REF.. 442 X Wages and Salaries Expense Jan. 31 2 68695AWN Feedback Employee Federal Income Tax Payable Social Security Tax Payable Medicare Tax Payable Credit Union Expense Health Insurance Premiums Expense United Way Contributions Payable Cash Payroll for week ended January 31 X 00 7X 2 27.40 X 3 6.41 X 4 125 X 5 85 X 6 10 7 181.19 X 8 9