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Mr. Zee worked 48 hours during the week ended January 18, 20X1. He is paid $20 per hour, and is paid time and a half
Mr. Zee worked 48 hours during the week ended January 18, 20X1. He is paid $20 per hour, and is paid time and a half for all hours over 40 in a week. He had $125 withheld from his pay for federal income taxes, and $25.00 withheld for health insurance. The combined social security and Medicare tax rate is 7.65%, and the federal and state unemployment tax rates are 0.6% and 3.8%, respectively. All earnings are taxable. What is the net pay for Mr. Zees current paycheck?
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