What is the gross pay for the employee


An employee receives an hourly rate of $20, with time and a half for all hours worked in excess of 40 during a week. Payroll data for the current week are as follows: hours worked, 46; federal income tax withheld, $301; cumulative earnings for year prior to current week, $96,139; social security tax rate, 6.0% on maximum of $108,085; and Medicare tax rate, 1.5% on all earnings. What is the gross pay for the employee?

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Accounting Basics: What is the gross pay for the employee
Reference No:- TGS089318

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