Question
I'm confused on how to find my net pay and calculate social security and medicare . Accounting 120 Chapter 7: Employee Earnings and Deductions Jennifer
I'm confused on how to find my net pay and calculate social security and medicare . Accounting 120
Chapter 7: Employee Earnings and Deductions
Jennifer Ross, anemployeeof Hampton Company, worked 41 hours during the week of February 9 through 15. Her rate of pay is $22.80 per hour, and she receives time-and-a-half for work in excess of 40 hours per week. She is married and claims two allowances on her W-4 form. Her wages are subject to the following deductions:
- Federal income tax (use the table inFigure 3).
- Social Security taxat 6.2 percent.
- Medicare taxat 1.45 percent.
- Union dues, $31.00.
Compute Ross's regular pay.
$912
Compute Ross's overtime pay. If required, round intermediate calculations to the nearest cent and use them in subsequent computations. Round final answer to the nearest cent.
$34.20
Compute Ross'sgross pay. If required, round intermediate calculations to the nearest cent and use them in subsequent computations. Round final answer to the nearest cent.
$946.20
Compute Ross'snet pay. If required, round intermediate calculations to the nearest cent and use them in subsequent computations. Round final answer to the nearest cent.
$
i have asked for help and seems like no one gets it .
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