GROSS PAY, DEDUCTIONS AND NET PAY: Donald Chin works for Northwest Supplies. His rate of pay is $8.50 per hour, and he is paid 1 times the regular rate for all hours worked in excess of 40 per week. During the last week of January, he worked 48 hours. Based upon the following information, compute Chins regular pay, overtime pay, gross pay and net pay:

1. Employee federal income tax withheld is $125.00.
2. Social Security tax rate is 6.2%.
3. Medicare tax rate is 1.45%.
4. Health insurance premium withheld is $85.
5. Employee state income tax withheld is $10.