Sheffield Corbin's regular hourly wage rate is $16, and she receives an hourly rate of $24 for work in excess of 40 hours. During a January pay period, Sheffield works 45 hours. Sheffield's federal income tax withholding is $94, she has no voluntary deductions, and the FICA tax rate is 7.65%. Compute Sheffield Corbin's gross earnings and net pay for the pay period. (Round Intermediate calculation and final answers to 2 decimal places, eg. 15.25.) Gross earnings $ Net pay
Sheffield Corbin's regular hourly wage rate is $16, and she receives an hourly rate of $24 for work in excess of 40 hours. During a January pay period, Sheffield works 45 hours. Sheffield's federal income tax withholding is $94, she has no voluntary deductions, and the FICA tax rate is 7.65%. Compute Sheffield Corbin's gross earnings and net pay for the pay period. (Round Intermediate calculation and final answers to 2 decimal places, eg. 15.25.) Gross earnings $ Net pay
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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![Sheffield Corbin's regular hourly wage rate is $16, and she receives an hourly rate of $24 for work in excess of 40 hours. During a
January pay period, Sheffield works 45 hours. Sheffield's federal income tax withholding is $94, she has no voluntary deductions, and
the FICA tax rate is 7.65%.
Compute Sheffield Corbin's gross earnings and net pay for the pay period. (Round Intermediate calculation and final answers to 2 decimal
places, eg. 15.25.)
Gross earnings
$
Net pay](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2d8c5bb3-0dba-44f8-9c39-929802a06fa0%2F14c35475-9fa6-4fe8-96c0-85550c16f743%2Flepn7h_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Sheffield Corbin's regular hourly wage rate is $16, and she receives an hourly rate of $24 for work in excess of 40 hours. During a
January pay period, Sheffield works 45 hours. Sheffield's federal income tax withholding is $94, she has no voluntary deductions, and
the FICA tax rate is 7.65%.
Compute Sheffield Corbin's gross earnings and net pay for the pay period. (Round Intermediate calculation and final answers to 2 decimal
places, eg. 15.25.)
Gross earnings
$
Net pay
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