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Lenny Florita, an unmarried employee, works 44 hours in the week ended January 12. His pay rate is $14 per hour, and his wages have
Lenny Florita, an unmarried employee, works 44 hours in the week ended January 12. His pay rate is $14 per hour, and his wages have deductions for FICA Social Security, FICA Medicare, and federal income taxes. He claims four withholding allowances. Compute his regular pay, overtime pay (Lenny earns $21.00 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 11A.6), total deductions, and net pay. (Round your intermediate calculations and final answers to 2 decimal places.) Hourly Rate Hours Regular pay Overtime pay Gross pay 0.00 FICA-Social Security tax deduction FICA-Medicare tax deduction Income tax deduction Total deductions 0.00 Net pay SINGLE Persons-WEEKLY Payroll Period If the wages are And the number of withholding allowances claimed Is- 10 2 4 5 6 7 But less At least than The amount of Income tax to be withheld Is- $600 610 620 630 640 $58 59 61 62 64 $610 620 630 640 650 $76 79 81 84 86 $67 69 70 72 73 $49 50 52 53 55 $39 41 42 44 45 $30 32 33 35 36 $21 22 24 25 27 $12 13 15 16 18 75 76 78 81 83 38 39 41 42 44 28 30 31 33 34 660 670 680 690 700 89 91 94 96 99 65 67 56 58 59 61 62 47 48 50 51 53 19 21 22 24 25 11 12 13 14 16 650 660 670 680 690 1 2 3 70 71 35 37 39 40 42 27 28 30 31 33 17 19 20 22 23 10 11 12 13 14 700 710 720 730 740 710 720 101 104 86 88 91 93 73 74 76 64 65 67 68 54 56 57 59 60 45 47 48 50 51 730 740 750 106 109 111 96 70 RE RERR8
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