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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 have

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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 have deductions for FICA Social Security, FICA Medicare, and federal income taxes. He claims three withholding allowances. Compute his regular pay, overtime pay (Lenny earns $18.00 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 94.6). total deductions, and net pay. (Round your intermediate calculations and final answers to 2 decimal places.) 0.00 Hours Hourly Rate Regular pay 480.00 Overtime pay $ 144.00 Gross pay FICA Social Security tax deduction FICA-Medicare tax deduction Income tax deduction Total deductions $ 38.69 9.05 47.74 Netpay

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