For each employee, first calculate gross pay. Then determine taxable income used to calculate federal income tax withholding. Social Security tax. and Medicare tax. 1: An employee works 45 hours (45-40 were overtime hours) during a workweek in December of 2015. He earns $41.50/hour, with his employer paying 1.5 times the regular rate of pay for overtime hours. To date, he has earned $117, 900 during the year. He has requested that his employer withhold 6.00% of gross pay. which is to be contributed to a 403(b) plan. Taxable income for federal income tax withholding = $ Taxable income for social security tax = $ Taxable income for medicare tax = $ 2: An employee works 38 regular hours during a workweek in August of 2015. The employee earns a salary of $l26, 300/year and is exempt from the overtime provisions of the FLSA. To date, he has received no compensation beyond his annual salary. He has requested that his employer withhold 7.5% of gross pay. which is to be contributed to a 401(k) plan. Taxable income for federal income tax withholding = $ Taxable income for social security tax = $ Taxable income for medicare tax = $ 3: An employee works 50 hours (50-40 were overtime hours) during a workweek in December of 2015 He earns 59, 500/month, with his employer paying 1.5 times the regular rate of pay for overtime hours. To date, he has earned $109, 700 during the year. He has requested that his employer withhold 13% of gross pay to contribute to a 403(b) plan. Taxable income for federal income tax withholding = $ Taxable income for social security tax = $ Taxable income for medicare tax = $ For each employee, first calculate gross pay. Then determine taxable income used to calculate federal income tax withholding. Social Security tax. and Medicare tax. 1: An employee works 45 hours (45-40 were overtime hours) during a workweek in December of 2015. He earns $41.50/hour, with his employer paying 1.5 times the regular rate of pay for overtime hours. To date, he has earned $117, 900 during the year. He has requested that his employer withhold 6.00% of gross pay. which is to be contributed to a 403(b) plan. Taxable income for federal income tax withholding = $ Taxable income for social security tax = $ Taxable income for medicare tax = $ 2: An employee works 38 regular hours during a workweek in August of 2015. The employee earns a salary of $l26, 300/year and is exempt from the overtime provisions of the FLSA. To date, he has received no compensation beyond his annual salary. He has requested that his employer withhold 7.5% of gross pay. which is to be contributed to a 401(k) plan. Taxable income for federal income tax withholding = $ Taxable income for social security tax = $ Taxable income for medicare tax = $ 3: An employee works 50 hours (50-40 were overtime hours) during a workweek in December of 2015 He earns 59, 500/month, with his employer paying 1.5 times the regular rate of pay for overtime hours. To date, he has earned $109, 700 during the year. He has requested that his employer withhold 13% of gross pay to contribute to a 403(b) plan. Taxable income for federal income tax withholding = $ Taxable income for social security tax = $ Taxable income for medicare tax = $
