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Lenny Florita, an unmarried employee, works 50 hours in the week ended January 12. His pay rate is $11 per hour, and his wages are

Lenny Florita, an unmarried employee, works 50 hours in the week ended January 12. His pay rate is $11 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 fromExhibit 11A.6.), total deductions, and net pay.(Round your intermediate calculations and finalanswers to 2 decimal places.)

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Overtime pay Gross pay FICA - Social Security tax deduction FICA - Medicare tax deduction Income tax deduction Total deductions Net pay

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