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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%

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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: Holden Stanton manages a Frosty World drive-in. His straight-time pay is $14 per hour, with time-and-a-half for hours in excess of 40 per week. Stanton's payroll deductions include withheld income tax of 40%, FICA tax, and a weekly deduction of 512 for a charitable contribution to United Way Stanton worked 51 hours during the week. Click the icon to view payroll tax rate information.) Read the requirements Requirement 1. Compute Stanton's gross pay and not pay for the week. Assume earnings to date are $15,000. (Round all amounts to the nearest cent) Begin by computing Stanton's gross pay for the week Straight-time pay for 40 hours Overtime pay for 11 hours 231.00 Gross Pay $ 791.00 Compute Stanton's not pay for the week. (Round all amounts to the nearest cont.) $ 560.00 TE TO Withholding deductions: Net (take-home) pay

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