Question
Susan Garza's regular hourly wage rate is $12.50, and she receives a wage of 1 times the regular hourly rate for work in excess of
Susan Garza's regular hourly wage rate is $12.50, and she receives a wage of 1 times the regular hourly rate for work in excess of 40 hours. During a March weekly pay period, Susan worked 48 hours. Her gross earnings prior to the current week were $5,800. Susan is married and claims three withholding allowances. Her only voluntary deduction is for group hospitalization insurance at $25 per week.
Compute the following amounts for Susan's wages for the current week.(RoundFICA taxes, State income taxes and Net payanswers to 2 decimal places, e.g. 52.55.)
(1) Gross earnings.
$enter a dollar amount
(2) FICA taxes. (Assume a 7.65% rate on maximum of $127,200.)
$enter a dollar amount rounded to 2 decimal places
(3) Federal income taxes withheld.
$enter a dollar amount
(4) State income taxes withheld. (Assume a 2.0% rate.)
$enter a dollar amount rounded to 2 decimal places
(5) Net pay.
$enter a dollar amount rounded to 2 decimal places
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