Sarah Smith works at College of El Paso and is paid $35 per hour for a 40-hour workweek and time-and-a-half for hours above 40. i (Click the icon to view payroll tax rate information.) Read the requirements. Requirement 1. Compute Smith's gross pay for working 62 hours during the first week of February. Gross Pay ... More info - For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee: Employer: OASDI: 6.2% on first $132,900 earned; Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000. OASDI: 6.2% on first $132,900 earned; Medicare: 1.45%; FUTA: 0.6% on first $7,000 earned; SUTA: 5.4% on first $7,000 earned. Print Done