Eve Trek's regular hourly wage is $14 an hour. She receives overtime pay at the rate of time and a half. The FICA tax rate is 8%. Eve is paid every two weeks. For the first pay period in January, Eve worked 86 hours of which 6 were overtime hours. Eve's federal income tax withholding is $300 and her state income tax withholding is $100. Eve has authorized that $50 be withheld from her check each pay period for savings bonds.
Instructions
Compute Eve Trek's gross earnings and net pay for the pay period showing each payroll deduction in arriving at net pay.
Correct Answer:
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