Question

Exercise 11-09 a-b (Part Level Submission) Dul Garza's regular hourly wage rate is $14.50, and she receives a wage of 14 times the regular hourly rate for work in excess of 40 hours. During a daims three withholding allowances. Her only voluntary deduction is for group hospitalization insurance at $20 per week. MARRIED Persons -- WEEKLY Payrol Period For Wage December 2017) And the number of withholding allowances claimed is 巴 | 自 1 2 3 4 5 6 7 1 9 居民出路 a be N - eeeee $ 落后图g 等等等等等京密路 $动图 SER后的图图 家常等等等等等。 也說沒認出西班跑到別的加班加到 =它仍旧田惟门旧时如马亞洲西部部部 8893司盖是最后三e - - mana 口口口口口口口口口口口令 - 创的 口口口口口口口口口口口口口口口占ube 一〇〇〇〇〇〇〇〇〇〇〇〇〇〇〇〇〇000- 38888 00000 00000 00000 00000 0000000000 0000000000 词 言 888 “ 金兰 - (4) Compute the following amounts for Bull's wages for the current week. (Round FICA taxes, State income taxes and Net pay answers to 2 decimal pla (1) Gross earnings 12) FICA taves. Assume a 7.65% rate on mamum of $127.200. (3) Federal income taxes withheld (4) State income taxes withheld Assume a 2.0% rate)

Answer 1

Below table shows calculations of gross earnings, other tax deductions and net pay:

Description	Hrs	Rate per Hr	Total	Reference
Regular	40	14.5	$ 580.00	A
Overtime	4	21.75	$    87.00	B . Rate per hour = 1.5 times of regular rate = 14.5 * 1.5
Gross Earnings			$ 667.00	C=A+B
FICA Taxes @ 7.65%			$    51.03	D=C*7.65% (Gross Earnings prior to current week = $ 7300 hence still threshold limit of $ 127200 has not crossed)
Federal Income Tax			$    19.00	E=As per table "with 3 allowances and regular wage of at least 580"
State Income Tax @ 2%			$    13.34	F=C*2%
Voluntary Deduction			$    20.00	G
Net Pay			$ 563.63	C-D-E-F-G