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please help Gross Pay, Deductions, and Net Pay Donald Chin works for Northwest Supplies. His rate of pay is $14,00 per hour, and he in
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Gross Pay, Deductions, and Net Pay Donald Chin works for Northwest Supplies. His rate of pay is $14,00 per hour, and he in paid 1 W times the regular rate for ail haurs worked in excess of 40 per week. During the last week of Januery of the current yoar, he worked 48 hours. Chin is married and claims three withholding allowances on his W-4 farm. His weekly wages are subject to the raliowing deductions: 0. Employee foderal income tax (Tax Tobies: Refer to Figure 8.4 in the text.) b. Social Socurity tax at 6.27% c. Medicare tax at 1.45% d. Health insurence premium, 585 e. Gredit union, $125 f. United Way contribution, 510 Required: 1. Compute chin's regular pay, overtime poy, gross pay, and net pay. If required, round your answers to the nearest cent. Fwedbach renecx iny Woin Gross poy is the sum of regular and overtime pay. Make sure you properly opply the overtime rate to the applicable overtime hours. The role is detormined by multiplying the overtime factor with the normal hourly rate. Net pay resulls after subtracting all applicable deductions. Some deductions are subject to a percentage whte others are a consistent amount per paycheck. 2. Journalize the payment of his wages for the week ended January 31, crediting Cosh for the net amount Step by Step Solution
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