United Way. Stanley worked $58$ hours during the week.

$($Click the icon to view payroll tax rate information.$)$

Read the requirements.

Requirement $1.$ Compute Stanley's gross pay and net pay for the week. Assume eamings to date are $$18,000.($Round all amounts to the nearest cent.$)$

Begin by computing Stanley's gross pay for the week.

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Gross Pay

More info

For all payroll calculations, use the following tax rates and round amounts to the nearest cent:

Employee: OASDI: $6\mathrm{.}2\%$ on first $$118,500$ earned; Medicare: $1\mathrm{.}45\%$ up to $$200,000,2\mathrm{.}35\%$ on earnings above $$200,000.$

Employer:

OASDI: $6\mathrm{.}2\%$ on first $$118,500$ earned; Medicare: $1\mathrm{.}45\%$ on all earnings; FUTA: $0\mathrm{.}6\%$ on first $$7,000$ earned; SUTA: $5\mathrm{.}4\%$ on first $$7,000$ earned.

Done