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Empl Hrs OT Rate Gross FIT FICA Health Dental Net 0010 40 $15 $645 $57.00 $43.61 $15 $5 0011 40 8 $15 $780 $78.00 $59.67 $15 $0 1101 $48,000 $923 $138.46 $70.62 $200 $12 Calculate the net pay for employee 1101. The overtime rate is time-and-a-half. 2.

Empl Hrs OT Rate Gross FIT FICA Health Dental Net 0010 40 $15 $645 $57.00 $43.61 $15 $5 0011 40 8 $15 $780 $78.00 $59.67 $15 $0 1101 $48,000 $923 $138.46 $70.62 $200 $12 Calculate the net pay for employee 1101. The overtime rate is time-and-a-half. 2.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Empl Hrs OT Rate Gross FIT FICA Health Dental Net 0010 40 2 $15 $645 $57.00 $43.61 $15 $5 0011 40 8 $15 $780 $78.00 $59.67 $15 $0 1101 $48,000 $923 $138.46 $70.62 $200 $12 Calculate the net pay for employee 1101. The overtime rate is time-and-a-half. A. $627.33 B. $768.00 C. $501.92 D. $474.10 03 - 2022 International Academy of Science. All Rights Reserved.
Transcribed Image Text:Empl Hrs OT Rate Gross FIT FICA Health Dental Net 0010 40 2 $15 $645 $57.00 $43.61 $15 $5 0011 40 8 $15 $780 $78.00 $59.67 $15 $0 1101 $48,000 $923 $138.46 $70.62 $200 $12 Calculate the net pay for employee 1101. The overtime rate is time-and-a-half. A. $627.33 B. $768.00 C. $501.92 D. $474.10 03 - 2022 International Academy of Science. All Rights Reserved.
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