Metropolitan Zoo Gift Shop Department No. of HourlyHours age Worked Regular Pay Gross Pay Taxable Pay Withholding Tax FICA Net Pay 5Abram 6 Acosta 7 Bordeaux 9.95 48 $9.55 48 $11,7550 $11.75 35 10.0040 9.55 44 $15.75 40 12.25 20 $13.35 38 $10.00 45 9.95 5 lanzit 10 Jaussi 11 Ling 12 Munoz 13 Riley 4 Sabey 15 Trujilo 16 Weston 17 Totals $11.75 4 Taxable # of Hours Net Pay 20 21 Base Work Hours 22 Overtime rate 23 FICA rate Tax Rate 15% 22% 25% Assumptions Statistics Gross Pay 40 1.5 7.65% $250 $300 5450 $525 4 Deduct per Depend $ 50.00 25 26 27 28 1. The base workweek is 40 hours. Regular pay is based on hourly wage and hours worked up to 40 29 2. Overtime pay is based on overtime hours, the hourly wage, and the overtime rate 30 3. The gross pay is the total of the regular pay and overtime pay. 31% . The taxable pay is the dfference between the gross pay 1 and the product of the number of dependents and deduction per dependent 32 5. Federal withholding tax is calculated on the taxable pay based on the tax table 33 6. FICA is calculated on the employoe's gross pay 34 7. The net pay is based on the gross pay, federal withhokding tax, and FICA