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    Payroll Calculations

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    Betty Williams' regular hourly wage rate is $14.00, and she receives a wage of 1 1⁄2 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 $15.00 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 $87,900.)
    (3) Federal income taxes withheld. (Use the withholding table in the text, page D6.)
    (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.

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    https://brainmass.com/business/business-math/payroll-calculations-93823

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    Solution Preview

    Betty Williams' regular hourly wage rate is $14.00, and she receives a wage of 1 1⁄2 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 ...

    Solution Summary

    This solution is comprised of a detailed explanation to 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 $87,900.)
    (3) Federal income taxes withheld.
    (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.

    $2.19

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