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Jim Moss, an employee of Jones International, worked 50 hours during the week of April 4 through 10. His rate of pay is $15.3 per

Jim Moss, an employee of Jones International, worked 50 hours during the week of April 4 through 10. His rate of pay is $15.3 per hour, and he receives time-and-a-half for work in excess of 40 hours per week. Jim is married and claims four allowances on his W-4 form. Jim's YTD earnings before this pay period are $7,525, and his wages are subject to the following deductions: a. Federal income tax (use the table in Figure 3). b. Social Security tax at 6.2 percent, with a wage limit of $118,500. c. Medicare tax at 1.45 percent. d. Medical insurance premium (after tax), $48. e. United Way contribution, $11. Required: Compute Jim's regular pay. $ Compute Jim's overtime pay. If required, round intermediate calculations and the final answer to the nearest cent and use the rounded answers in subsequent computations. Compute Jim's gross pay. If required, round intermediate calculations and the final answer to the nearest cent and use the rounded answers in subsequent computations. Compute Jim's net pay. If required, round intermediate calculations to the nearest cent and use them in subsequent computations. Round final answer to the nearest cent

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