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 marvin parrera. at the end of this pay period marvins 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 marvins regular earnings?
$ 328

Explanation:

Step1: Find Overtime Hours

Overtime hours = Total hours - Regular hours (40). So, \(53 - 40 = 13\) hours.

Step2: Find Overtime Rate

Overtime rate is time - and - a - half of regular rate. Regular rate \(r=\$8.20\), so overtime rate \(R = 8.20\times1.5=\$12.30\) per hour.

Step3: Calculate Overtime Earnings

Overtime earnings = Overtime hours \(\times\) Overtime rate. So, \(13\times12.30 = 159.90\)

Answer:

\(159.90\)