net pay: $447.51

SERIES A EXERCISES COMPUTING NET PAY Mary Sue Guild works for a company that pays its employees 1 times the regular rate for all hours worked in excess of 40 per week! Guild's pay rate is $10 per hour. Her wages are subject to deductions for federal income tax, Social Security tax, and Medicare tax. She is married and claims four withholding allowances. Guild has a 12-hour lunch break during an 82-hour day. Her time card is shown below. Name Mary Sue Guild Week Ending March 30, 20 - Day Out Out Hours Worked Regular Overtime 12:05 12:09 12:35 12:39 7:57 7:52 7:59 8:00 7:56 8:00 12:15 12:45 4:33 5:05 5:30 6:31 4:30 12:01 12:30 12:05 12:34 10:31 Complete the following for the week: (a) regular hours x $10 per hour (b) overtime hours X $15 per hour (c) Total gross wages (d) Federal income tax withholding (from tax tables in Figure 8-4, pages 288 and 289) (e) Social Security withholding at 6.2% (f) Medicare withholding at 1.45% (g) Total withholding (h) Net pay