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EF11-18 Similar 10) Henry Simpson manages a Dairy Land drive-in. His straight-time pay is $10 per hour, with time-and-a-half for hours in excess of 40

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EF11-18 Similar 10) Henry Simpson manages a Dairy Land drive-in. His straight-time pay is $10 per hour, with time-and-a-half for hours in excess of 40 per week. Simpson's payroll deductions include withheld income tax of 40%, FICA tax, and a weekly deduction of S9 for a charitable contribution to United Way, Simpson worked 57 hours during the week (Click the icon to view payroll tax rate information.) Read the requirements Requirement 1. Compute Simpson's gross pay and net pay for the week. Assume earnings to date are $10,000. (Round all amounts to the nearest cent) Begin by computing Simpson's gross pay for the work. click Check Answer. More Info For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee: OASDI: 6.2% on first $132,900 earned; Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000. OASDI: 6.2% on first $132,900 earned; Medicare: 1.45%; FUTA: 0.6% on first $7,000 earned; SUTA: 5.4% on first $7,000 earned. Employer: Print Done

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