Question - An employee earns $18.00 per hour and 1 1/2 times that rate for all hours in excess of 40 hours per week. Assume that the employee worked 50 hours during the week, and that the gross pay prior to the current week totaled $59,760. Assume, further that social security rate is 7.65%( with OASDI tax of 6.2% on earnings up to $118,000 and HI tax of 1.45% on all earnings), and federal income tax to be withheld was $198.00
a) Determine the gross pat for the week.
b) Determine the net pay for the week.