Question

find the regular earnings, overtime earnings, gross earnings, social security (fica) deduction at 6.2%, medicare deduction at 1.45%, and state disability (sdi) deduction at 1% for kevin messina. at the end of this pay period kevins will still be below the fica and sdi maxima. he is paid at a time - and - a - half rate for hours in excess of 40.

employee	hours	reg. rate	earnings - regular	earnings - overtime	earnings - gross	deductions - fica	deductions - medicare	deductions - sdi

what are kevins regular earnings?
$344
what are kevins overtime earnings?
$ |

Explanation:

Step1: Find Overtime Hours

Overtime hours = Total hours - Regular hours (40)
$47.8 - 40 = 7.8$ hours

Step2: Find Overtime Rate

Overtime rate = Regular rate × 1.5
$\$8.60 × 1.5 = \$12.90$ per hour

Step3: Calculate Overtime Earnings

Overtime earnings = Overtime hours × Overtime rate
$7.8 × \$12.90 = \$100.62$

Answer:

\$100.62