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Lenny Florita. an unmarried employee, works 48 hours in the week ended January 12. His pay rate is $12 per hour, and his wages are
Lenny Florita. an unmarried employee, works 48 hours in the week ended January 12. His pay rate is $12 per hour, and his wages are subject to no deductions other than FICA-Social Security. FICA-Medicare, and federal income taxes. He claims three 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 of Exhibit rA.6.V total deductions, and net pay. (Round your intermediate calculations and final answers to 2 decimal places.)
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