What is the net amount to be paid the employee


An employee receives an hourly rate of $18, 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, 48; federal income tax withheld, $341; cumulative earnings for year prior to current week, $96,780; social security tax rate, 6.0% on maximum of $103,004; and Medicare tax rate, 1.5% on all earnings. What is the net amount to be paid the employee?

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Accounting Basics: What is the net amount to be paid the employee
Reference No:- TGS081567

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