An employee receives an hourly rate of $15,with time and a half for all hours worked in excess of 40 during the week.Payroll data for the first week of the calendar year are as follows: hours worked,46; federal income tax withheld,$110; Social security tax rate,6%; and Medicare tax rate,1.5%; state unemployment compensation tax,3.4% on the first $7,000; federal unemployment compensation tax,0.8% on the first $7,000.What is the net amount to be paid to the employee? If required,round your answers to the nearest cent.
A) $569.87
B) $539.00
C) $625.00
D) $544.88
Correct Answer:
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