Calculate Payroll An employee earns $44 per hour and 1.5 times that rate for all...

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Accounting

Calculate Payroll

An employee earns $44 per hour and 1.5 times that rate for all hours in excess of 40 hours per week. Assume that the social security tax rate is 6.0%, the Medicare tax rate is 1.5%, and the employees federal income tax withheld is $403. If the employee worked 51 hours during the week;

a. Determine the gross pay for the week. $

b. Determine the net pay for the week. Round your answer to two decimal place. $

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