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Gail's Bakery had the following information before the pay period ending June 30: V Federal Employee Pay Hours Cumulative income tax Name rate worked earnings

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Gail's Bakery had the following information before the pay period ending June 30: V Federal Employee Pay Hours Cumulative income tax Name rate worked earnings Department withheld P. Guerrero $2,000 Salaried $12,000 Kitchen $92 T. Bennitt 14/hr 6,500 Office Assume: Each hourly employee is paid 1 1/2 times pay rate for time worked in excess of 40 hours. FICA Social Security applied to the first $142,800 at a rate of 6.2%. FICA Medicare applied at a rate of 1.45%. FUTA applied to the first $7,000 at a rate of 0.8% SUTA applied to the first $7,000 at a rate of 5.6% O A. Credit $770 O B. Debit $700 O C. Debit $770 O D. Credit $700

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