She 1,2,3 1.2.3 HOW EXERCISE 7-2 Lisa Meilo works for Pacific Company, which pays its employees time. and-a-half for all hours worked in excess of 40 per week. Meilo's pay rate is $37 per hour Her wages are subject to federal income tax, a Social Security tax deduction at the rate of 6.2 percent, and a Medicare tax deduction at the rate of 1.45 percent. She is married and claims three allowances. Meilo has an unpaid half-hour lunch break during an 8-hour day. In the most recent pay period, she worked 50 hours. Meilo's beginning cumulative earnings are $73,654. Complete the following: hours at straight time X $ per hour b. hours overtime X $ per hour a. c. Total gross pay d. Federal income tax withholding e. Social Security tax withholding at 6.2 percent f. Medicare tax withholding at 1.45 percent 8. Total withholding $ 247.30 h. Net pay EVEDAIA