An employee earns $22 per hour and 1 ½ 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 $42, 710. Assume further that the FICA tax rate was 7.5% (on earnings up to $100,000) and federal income tax to be withheld was $235.
Determine the gross pay for the week.
Determine the pay for the week.