Holden Simpson manages a Kincome tax of 20%, FICA tax, and a weekly deduction of $12 (Click the icon to view payroll tax rate information) Read the requirements ea charitable contribution to United Way. Simpson worked 45 hours during the week Requirement 1. Compute Simpson's gross pay and net pay for the week. Assume earnings to date are $10,000. (Round all amounts to the nearest cent) Begin by computing Simpson's gress pay for the week Saight time pay for 40 hours Overtime pay for 3 hours Gross Pay $140.00 180.00 $749.00 Compute Simpson's net pey for the week. (Round all amounts to the nearest cent) Weholding deduction More info For all payroll calculations, use the following tax rates and round amounts to the nearest cent Employee OASDI 6.2% on first $132.900 eamed; Medicare 1.45% up to $200,000, 2.35% on earnings above $200,000 Employer OASD 6.2% on first $132,900 eamed; Medicare: 1.45% FUTA 0.0% on first $7,000 eamed: SUTA: 5.4% on first $7,000 eamed Net (take-home) pay modocs example Get more help Print Done Clear all Check answer