Holden Simpson manages a Frosty Boy drive-in. His straight-time pay is $14 per hour, with time-and-a-half for hours in excess of 40 per week. Simpson's payroll deductions include withheld income tax of 20%, FICA tax, and a weekly deduction of $12 for a charitable contribution to United Way. Simpson worked 49 hours during the week. (Click the icon to view payroll tax rate information.) Read the requirements Requirement 1. Compute Simpson's gross pay and net pay for the week. Assume eamings to data are $10,000. (Round all amounts to the nearest cent.) Begin by computing Simpson's gross pay for the week. Gross Pay More info For all payroll calculations, use the following tax rates and round amounts to the nearest cent Employee Employer: OASDI 6.2% on first $132,900 eamed. Medicare: 1.45% up to $200,000, 2.35% on eamings above $200,000 OASDI 6.2% on first $132.900 eamed, Medicare: 1.45%; FUTA 0.6% on first $7,000 eamed; SUTA 5.4% on first $7,000 eamed Print Done X