What is the net amount to be paid the employee

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Reference no: EM13793367

An employee receives an hourly rate of $15, with the time and a half for all hours worked in excess of 40 during the week. Payroll data for the current week are as follows: hours worked,48; federal income tax withheld,$120;cumulative earnings for the year prior to this week, $24,500; Social security tax rate 6% on maximum of $100,000; and medicare tax rate, 1.5% on all earnings; state unemployment compensation tax,3.4% on the first $7,000; federal unemployment compensation tax, .8% on the first $7,000. What is the net amount to be paid the employee?

a. $568.74

b. $601.50

c. $660.00

d. $574.90

Reference no: EM13793367

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