Smith manages a Frosty World drive-in. His straight-time pay is $16 per hour, with time-and-a-half for hours in excess of 40 per week. Smith's payroll (Click the icon to view payrol ax rate information.) Requirement 1. Compute Smith's gross pay and net pay for the week. Assume earnings to date are $10,000. (Round all amounts to the nearest cent) deductions include withheld income tax of 40%, FICA tax, and a weekly deduction of S7 for a charitable contribution to United Way. Smith week orked 50 hours during 1 Read the Gross P net pay for the week. (Round all to the nearest cent)