If the wages are- But less | At least than SINGLE Persons-WEEKLY Payroll Period And the number of withholding allowances claimed Is- 1 | 2 | 3 4. 7. | The amount of Income tax to be withheld is- 0 | 5 6 8 9 10 $600 610 620 630 640 650 660 670 680 690 $610 620 630 640 650 660 670 680 690 ond no No o pond co-on d No Exercise 11-18A Computing gross and net pay LO P5 Lenny Florita, an unmarried employee, works 50 hours in the week ended January 12. His pay rate is $11 per hour, and his wages have deductions for FICA Social Security, FICA Medicare, and federal income taxes. He claims two withholding allowances. Compute his regular pay, overtime pay (Lenny earns $16.50 per hour for each hour over 40 per week), and gross pay. Then compute his FICA tax deduction (6.2% for the Social Security portion and 1.45% for the Medicare portion), income tax deduction (use the wage bracket withholding table from Exhibit 114.6), total deductions, and net pay. (Round your intermediate calculations and final answers to 2 decimal places.) Hourly Rate $ 11.00 $ 16.50 Hours Regular pay 40 Overtime pay 10 Gross pay FICASocial Security tax deduction FICAMedicare tax deduction Income tax deduction 440.00 165.00 605.00 $ 37.51 8.77 Total deductions 46.28 Net pay