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Margaret Strands regular hourly wage rate is $24, and she receives an hourly rate of $36 for work in excess of 40 hours. During a

Margaret Strands regular hourly wage rate is $24, and she receives an hourly rate of $36 for work in excess of 40 hours. During a January pay period, Margaret works 45 hours. Margarets federal income tax withholding is $91, and she has no voluntary deductions. Compute Margaret Strands gross earnings and net pay for the pay period. Assume that the FICA tax rate is 7.65%. (Round answers to 2 decimal places, e.g. 15.25.)

Margarets gross earnings

$

Margarets net pay

$

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