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Herbert Simpson manages a Dairy Land drive-in. His straight-time pay is $15 per hour, with time-and-a-half for hours in excess of 40 per week. Simpson's payroll deductions include withheld income tax of 20%, FICA tax, and a weekly deduction of $11 for a charitable contribution to United Way. Simpson worked 49 hours during the week. (Click the icon to view payroll tax rate information.) Read the requirements. Begin by computing Simpson's gross pay for the week. Straight-time pay for 40 hours $ 600.00 202.50 Overtime pay for 9 hours $ 802.50 A More Info Gross Pay Compute Simpson's net pay for the week. (Round all amounts to the nearest cent.) For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Withholding deductions: Employee: Employer: OASDI: 6.2% on first $118,500 earned; Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000. OASDI: 6.2% on first $118,500 earned; Medicare: 1.45% on all earnings; FUTA: 0.6% on first $7,000 earned; SUTA: 5.4% on first $7,000 earned. Print Print Done Done Net (take-home) pay Herbert Simpson manages a Dairy Land drive-in. His straight-time pay is $15 per hour, with time-and-a-half for hours in excess of 40 per week. Simpson's payroll deductions include withheld income tax of 20%, FICA tax, and a weekly deduction of $11 for a charitable contribution to United Way. Simpson worked 49 hours during the week. (Click the icon to view payroll tax rate information.) Read the requirements. Begin by computing Simpson's gross pay for the week. Straight-time pay for 40 hours $ 600.00 202.50 Overtime pay for 9 hours $ 802.50 A More Info Gross Pay Compute Simpson's net pay for the week. (Round all amounts to the nearest cent.) For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Withholding deductions: Employee: Employer: OASDI: 6.2% on first $118,500 earned; Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000. OASDI: 6.2% on first $118,500 earned; Medicare: 1.45% on all earnings; FUTA: 0.6% on first $7,000 earned; SUTA: 5.4% on first $7,000 earned. Print Print Done Done Net (take-home) pay

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