What is the gross pay for the employee


An employee receives an hourly rate of $15, with time and a half for all hours worked in excess of 40 during a week. Payroll data for the current week are as follows: hours worked, 45; federal income tax withheld, $353; cumulative earnings for year prior to current week, $95,817; social security tax rate, 6.0% on maximum of $102,977; and Medicare tax rate, 1.5% on all earnings. What is the gross pay for the employee?

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Accounting Basics: What is the gross pay for the employee
Reference No:- TGS0102600

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