(Solution) - Betty Williams regular hourly wage rate is 14 and she -(2025 Original AI-Free Solution)
Paper Details
Betty Williams? regular hourly wage rate is $14, and she receives a wage of 11?2 times the regular hourly rate for work in excess of 40 hours. During a March weekly pay period Betty worked 42 hours. Her gross earnings prior to the current week were $6,000. Betty is married and claims three withholding allowances. Her only voluntary deduction is for group hospitalization insurance at $15 per week.
Instructions
(a) Compute the following amounts for Betty?s wages for the current week.
(1) Gross earnings.
(2) FICA taxes. (Assume an 8% rate on maximum of $106,800.)
(3) Federal income taxes withheld. (Use the withholding table in the text, page D7.)
(4) State income taxes withheld. (Assume a 2.0% rate.)
(5) Net pay.
(b) Record Betty?s pay, assuming she is an office computer operator.