Lenny Florita, an unmarried employee, works 49 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 two withholding allowances. Compute his regular pay, overtime pay (Lenny earns $18 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 9A.6), total deductions, and net pay. (Round your Intermediate calculations and final answers to 2 decimal places.) Answer is complete but not entirely correct. $ 480.00 162.00 Hours Hourly Rate Regular pay 40 $ 12.00 Overtime 9 $ 18.00 pay Gross pay FICA-Social Security tax deduction FICAMedicare tax deduction Income tax deduction Total deductions 642.00 $ 39.80 9.31 68.00 X 117.11 Net pay $ 524.89 EXHIBIT 9A.6 Wage Bracket Withholding Table If the wages are- But less At least than SINGLE Persons-WEEKLY Payroll Period And the number of withholding allowances claimed Is- 13 14 15 16 17 The amount of Income tax to be withheld is 10 $610 $ co $ $ $ $600 619 620 630 640 650 660 670 000000 NNNNN CONNNNN 3 uw 07979 -6666 6666777777 999999 BB%5 W GANDO OWN 67890 48469888 O-NM ON O-NM 00 000 CO CO 100