An employee works 50 hours 50-40 were overtime hours during


An employee works 50 hours (50-40 were overtime hours) during a workweek in December of 2015. He earns $9,500/month, with his employer paying 1.5 times the regular rate of pay for overtime hours. To date, he has earned $109,700 during the year. He has requested that his employer withhold 13% of gross pay to contribute to a 403(b) plan.

Taxable income for federal income tax withholding = $

Taxable income for social security tax = $

Taxable income for medicare tax = $

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Financial Accounting: An employee works 50 hours 50-40 were overtime hours during
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