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 greg rogers. at the end of this pay period greg’s 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 | deductions
rogers, g. | 49.4 | $8.10 | regular | overtime | gross | fica | medicare | sdi

$

$

$

what are greg’s regular earnings?
$ 324
what are greg’s overtime earnings?
$\square

Explanation:

Step1: Find overtime hours

Overtime hours = Total hours - Regular hours (40)
$49.4 - 40 = 9.4$ hours

Step2: Find overtime rate

Overtime rate = Regular rate × 1.5
$\$8.10 × 1.5 = \$12.15$ per hour

Step3: Calculate overtime earnings

Overtime earnings = Overtime hours × Overtime rate
$9.4 × \$12.15 = \$114.21$

Answer:

\$114.21