Susan Corbin's regular hourly wage rate is $20, and she receives an hourly rate of $30 for work in excess of 40 hours. During a January pay period, Susan works 50 hours. Susan's federal income tax withholding is $94, she has no voluntary deductions, and the FICA tax rate is 7.65%. Compute Susan Corbin's gross earnings and net pay for the pay period. (Round Intermediate calculation and final answers to 2 decimal places, e.g. 15.25.) Gross earnings $ Net pay
Susan Corbin's regular hourly wage rate is $20, and she receives an hourly rate of $30 for work in excess of 40 hours. During a January pay period, Susan works 50 hours. Susan's federal income tax withholding is $94, she has no voluntary deductions, and the FICA tax rate is 7.65%. Compute Susan Corbin's gross earnings and net pay for the pay period. (Round Intermediate calculation and final answers to 2 decimal places, e.g. 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 2E
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![Susan Corbin's regular hourly wage rate is $2O, and she receives an hourly rate of $30 for work in excess of 40 hours. During a January
pay period, Susan works 50 hours. Susan's federal income tax withholding is $94, she has no voluntary deductions, and the FICA tax
rate is 7.65%.
Compute Susan Corbin's gross earnings and net pay for the pay period. (Round Intermediate calculation and final answers to 2 decimal
places, e.g. 15.25.)
Gross earnings
Net pay
$
%24
%24](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7e0cd55c-6f84-412a-ac81-9a79eaea810f%2F488ee4df-a440-4749-8960-a2b4389cdbdf%2Fjcwamw3_processed.png&w=3840&q=75)
Transcribed Image Text:Susan Corbin's regular hourly wage rate is $2O, and she receives an hourly rate of $30 for work in excess of 40 hours. During a January
pay period, Susan works 50 hours. Susan's federal income tax withholding is $94, she has no voluntary deductions, and the FICA tax
rate is 7.65%.
Compute Susan Corbin's gross earnings and net pay for the pay period. (Round Intermediate calculation and final answers to 2 decimal
places, e.g. 15.25.)
Gross earnings
Net pay
$
%24
%24
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