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Jenny has cumulative earnings to date of $40,500. She worked 48 hours this pay period and is entitled to overtime based on FLSA. What is

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Jenny has cumulative earnings to date of $40,500. She worked 48 hours this pay period and is entitled to overtime based on FLSA. What is her gross pay and net pay this pay period? Assume her regular rate of pay is $30 per hour; FICA-SS is 6.2%, FICA-Medicare is 1.45%, Fed Tax is 20%, and State tax is 10%. Overtime (if any) is paid at time and a half. Gross pay is $972.66; Net pay is $1,560. Gross pay is $1,440; Net pay is $852.66. O None of the choices are correct. Gross pay is $1,560; Net pay is $1,128.66. Gross pay is $1,560; Net pay is $972.66

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