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Compute the federal income taxes withheld

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Question - Susan Garza's regular hourly wage rate is $12.50, and she receives a wage of 1½ times the regular hourly rate for work in excess of 40 hours. During a March weekly pay period, Susan worked 48 hours. Her gross earnings prior to the current week were $5,800. Susan is married and claims three withholding allowances. Her only voluntary deduction is for group hospitalization insurance at $25 per week.

Compute the following amounts for Susan's wages for the current week.

(1) Gross earnings.

(2) FICA taxes. (Assume a 7.65% rate on maximum of $127,200.)

(3) Federal income taxes withheld.

(4) State income taxes withheld. (Assume a 2.0% rate.)

(5) Net pay.

Reference no: EM132538149

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