An employee receives an hourly wage rate of $21, with time and a half for...
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Accounting
An employee receives an hourly wage rate of $21, with time and a half for all hours worked in excess of 40 during the week. Payroll data for the current week are as follows hours worked, 43; federal income tax withheld, $131; cumulative earnings for the year prior to this week, $24,157; social security tax rate, 6.0 % ; Medicare tax rate, 1.5% state unemployment compensation tax, 3.4 % on the first $7,000; and federal unemployment compensation tax, 0.8 % on the first $7,000. What is the net amount to be paid to the employee? Round your answer to the nearest cent. Oa. $1,354.50 Ob. 5701.91 Oc. 5934.50 Od. 5733.41
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