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Lenny Florita, an unmarried employee works 48 hours in the week ended January 12. His pay rate is $13 per hour and his wages have
Lenny Florita, an unmarried employee works 48 hours in the week ended January 12. His pay rate is $13 per hour 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 9.6. total deductions, and net pay. (Round your intermediate calculations and final answers to 2 decimal places.) Hourly Rate Hours Regular pay Overtime pay Gross Day FICA-Social Security tax deduction FICA-Medicare tax deduction Income tax deduction Total deductions Netpay SINGLE Persons-WEEKLY Payroll Period And the number of withholding allowances claimed is 10 $76 $58 The amount of income tax to be withheld is- $49 $30 $21 $12 50 41 52 42 $0 610 620 EXHIBIT 9A.6 Wage Bracket If the wages are Withholding Table At least But less $600 $610 620 630 630 640 640 650 650 660 660 670 670 680 680 690 690 700 700 710 710 720 720 730 730 740 740 750 81 84 86 4 58%) 7 S58% 8% 88 04 s up C CUT SOOOO OOONON 104 106 111 Lenny Florita, an unmarried employee, works 48 hours in the week ended January 12. His pay rate is $13 per hour, 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 9A6), 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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