Computing an employee’s total pay [10 min]Gloria Traxell is paid $800 for a 40-hour workwe...

Computing an employee’s total pay [10 min]

Gloria Traxell is paid $800 for a 40-hour workweek and time-and-a-half for hours above 40.

Requirements

1. Compute Traxell’s gross pay for working 48 hours during the first week of February. Carry amounts to the nearest cent.

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2. Traxell is single, and her income tax withholding is 10% of total pay. Traxell’s only payroll deductions are payroll taxes. Compute Traxell’s net (take-home) pay for the week. Use a 7.65% FICA tax rate, and carry amounts to the nearest cent.