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Lenny Florita, an unmarried employee, works 48 hours in the week ended January 12. His pay rate is $13 per hout, and his wages have

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Lenny Florita, an unmarried employee, works 48 hours in the week ended January 12. His pay rate is $13 per hout, and his wages have deductions for FICA Social Security, FICA Medicare, and federal Income taxes. He claims two withholding allowances. Compute his regular pay, overtime pay (Lenny earns $19.50 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 946), 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 FICA Social Security tax deduction FICA-Medicare tax deduction Income tax deduction Total deductions Net pay

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