Calculate both the gross and net pay

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Reference no: EM133327459

Question: Calculate both the Gross and Net Pay for the following employee using FLSA rules.

Hattie McDaniel claims Married Filing Joint and the STANDARD withholding. She is paid $30.00 hourly. During the current weekly pay period she worked 42.75 hours. Assume this is the first check of the year and is paid on January 6th.

She contributes 5% of her gross pay to her traditional 401(k) and the employer matches 100% of her contribution up to 4%.
She pays $8.00 a week for her union dues.
Her employer provided health insurance has a monthly premium of $125, of which the employer pays 80% and Hattie pays 20%. Her portion of the health insurance is withheld on the last check of each month. (Note - this a PRE-TAX Cafeteria plan benefit)
Her state income tax withholding is $32.
You must calculate FIT (wage bracket method), OASDI, and HI withholdings.
The FUTA Rate is .6% and the SUTA Rate is 2.97%

Reference no: EM133327459

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