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An employee receives an hourly rate of $25, with time and a half for all...

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Accounting

An employee receives an hourly rate of $25, with time and a half for all hours worked in excess of 40 during a week. Payroll data for the current week are as follows: hours worked, 48; federal income tax withheld, $350; cumulative earnings for year prior to current week, $99,700; Social Security tax rate, 6.0% on maximum of $106,800; and Medicare tax rate, 1.5% on all earnings. What is the net pay for the employee?
a. $872.77
b. $852.50
c. $1,300.00
d. $950.19
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