Lenny Florita, an unmarried employee, works 44 hours in the week ended January 12. His pay rate is $14 per hour, and his wages have deductions for FICA Social Security, FICA Medicare, and federal income taxes. He claims four withholding allowances. Compute his regular pay, overtime pay (Lenny earns $21 per hour for each hour over 40 per week), and gross pay. Then compute his FICA tax deduction (6.2% for the Social Security portion and 1.45% for the Medicare portion), income tax deduction (use the wage bracket withholding table from Exhibit 11A.6), total deductions, and net pay. Note: Round your intermediate calculations and final answers to 2 decimal places. Regular pay Overtime premium pay Hours Gross pay FICA-Social Security tax deduction FICA-Medicare tax deduction Income tax deduction. Total deductions Net pay Hourly Rate 0.00 0.00
Lenny Florita, an unmarried employee, works 44 hours in the week ended January 12. His pay rate is $14 per hour, and his wages have deductions for FICA Social Security, FICA Medicare, and federal income taxes. He claims four withholding allowances. Compute his regular pay, overtime pay (Lenny earns $21 per hour for each hour over 40 per week), and gross pay. Then compute his FICA tax deduction (6.2% for the Social Security portion and 1.45% for the Medicare portion), income tax deduction (use the wage bracket withholding table from Exhibit 11A.6), total deductions, and net pay. Note: Round your intermediate calculations and final answers to 2 decimal places. Regular pay Overtime premium pay Hours Gross pay FICA-Social Security tax deduction FICA-Medicare tax deduction Income tax deduction. Total deductions Net pay Hourly Rate 0.00 0.00
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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Question
![Lenny Florita, an unmarried employee, works 44 hours in the week ended January 12. His pay rate is $14 per hour, and his wages have
deductions for FICA Social Security, FICA Medicare, and federal income taxes. He claims four withholding allowances. Compute his
regular pay, overtime pay (Lenny earns $21 per hour for each hour over 40 per week), and gross pay. Then compute his FICA tax
deduction (6.2% for the Social Security portion and 1.45% for the Medicare portion), income tax deduction (use the wage bracket
withholding table from Exhibit 11A.6), total deductions, and net pay.
Note: Round your intermediate calculations and final answers to 2 decimal places.
Hours
Regular pay
Overtime premium pay
Gross pay
FICA-Social Security tax deduction
FICA-Medicare tax deduction
Income tax deduction
Total deductions
Net pay
Hourly Rate
0.00
0.00](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fab78be3d-8877-49c6-ad77-a6ffd2f3a5cd%2F18f5435e-8265-45ee-a4bb-baa00e2276be%2Fmzrgklic_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Lenny Florita, an unmarried employee, works 44 hours in the week ended January 12. His pay rate is $14 per hour, and his wages have
deductions for FICA Social Security, FICA Medicare, and federal income taxes. He claims four withholding allowances. Compute his
regular pay, overtime pay (Lenny earns $21 per hour for each hour over 40 per week), and gross pay. Then compute his FICA tax
deduction (6.2% for the Social Security portion and 1.45% for the Medicare portion), income tax deduction (use the wage bracket
withholding table from Exhibit 11A.6), total deductions, and net pay.
Note: Round your intermediate calculations and final answers to 2 decimal places.
Hours
Regular pay
Overtime premium pay
Gross pay
FICA-Social Security tax deduction
FICA-Medicare tax deduction
Income tax deduction
Total deductions
Net pay
Hourly Rate
0.00
0.00
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