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Lenny Florita, an unmarried employee, works 45 hours In the week ended January 12. His pay rate Is $14 per hour, and hls wages are
Lenny Florita, an unmarried employee, works 45 hours In the week ended January 12. His pay rate Is $14 per hour, and hls wages are subject to no deductions other than FICA Social Security, FICA Medicare, and federal Income taxes. He clalms four withholding allowances. Compute his regular pay, overtime pay (for this company, workers earn 150% of their regular rate for hours in excess of 40 per week), and gross pay. Then compute his FICA tax deduction (use 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 11461 total deductions, and net pay. (Round your Intermedlete celculations and final answers to 2 declmal places.) Hours Hourly Rate Regular pay Overtime pay 0.00 Gross pay FICA Social Security tax deduction FICA Medicare tax deduction Income tax deduction Total deductions Net pay
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