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Greg Brady earns an annual salary of $31,824. During the most recent week, he worked 45 hours and is paid overtime wages of 1.5 times
Greg Brady earns an annual salary of $31,824. During the most recent week, he worked 45 hours and is paid overtime wages of 1.5 times his regular wage rate. Calculate Greg's gross pay for the week. Bobby Brady, filing status of single, has gross earnings of $869.23 for the current pay period. Each pay period Bobby makes a 401(k) contribution of 3% of gross pay and contributes $100 to a cafeteria plan. Bobby had cumulative gross earnings, including overtime pay, of $126,950 prior to this pay period. Calculate the amount of Social Security and Medicare taxes to withhold from Bobby's pay for this pay period
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