Question

Crade-to-Grave, a clothing resale store, employs one salesperson, Deana Halen Halon's straight me wage is $20 per hour, with time and a half pay for hours above 40. Cradle-to-Grave withholds income ta (20%), FICA OASI(629), and FICAMedicare (1455) from Halen's pay Cradle-to-Grave also a pamoltaves for FICA-OASDI(6296) FICA Medicare (1.45%), and state and federal unemployment (5.4% and 0.6% respectively). During the week ended December 26, Halen worked 0 hours. Prior to this work, she had eamed $1.500 Read the regurements Requirement 1. Compute Halon's gross pay and not take home) pay for the week Begin with the computation of gross pay Hound all amounts to the near whole d ar) Gross Pay Gross Pay Now calorito not take home) pay Round a mounts to the novel whole della Winged

Answer 1

Gross Pay
Basic pay (60 * $ 20)	$    1,200.00
Overtime Pay (20 * $ 20 * 1.5)	$        600.00
Gross Pay	$    1,800.00
Less: Withholdings Deduction	$ 498
Take Home pay for the week	$1,302
Beginning Cumalative Earnings	Current Period Earnings	Ending Cumalative Earnings	OASDI	Medicare	Income Tax	Total Withholdings	Net Pay
$                                        1,500.00	$    1,800.00	$      3,300.00	$     111.60	$    26.10	$     360.00	$    497.70	$ 1,302.30
Current Period Earnings	OASDI	Medicare	FUTA	SUTA	Payroll Tax Expenses
$                                        1,800.00	$        111.60	$            26.10	$        10.80	$    97.20	$     245.70