Compute Michelle Strand’s gross earnings and net pay for the pay period.
College Accounting (Book Only): A Career Approach
12th Edition
ISBN:9781305084087
Author:Cathy J. Scott
Publisher:Cathy J. Scott
Chapter7: Employee Earnings And Deductions
Section: Chapter Questions
Problem 5PB
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Michelle Strand’s regular hourly wage rate is $34, and she receives an hourly rate of $51 for work in excess of 40 hours. During a January pay period, Michelle works 45 hours. Michelle’s federal income tax withholding is $89, and she has no voluntary deductions.
Compute Michelle Strand’s gross earnings and net pay for the pay period. Assume that the FICA tax rate is 7.65%. (Round answers to 2 decimal places, e.g. 15.25.)
Michelle’s gross earnings
|
$enter a dollar amount
|
|
---|---|---|
Michelle’s net pay
|
$enter a dollar amount
|
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