calculate the net pay for employee 1101. the overtime rate is time - and - a - half. empl hrs ot rate gross…

calculate the net pay for employee 1101. the overtime rate is time - and - a - half. empl hrs ot rate gross fit fica health dental net 0010 40 5 $12 $570.00 $57.00 $43.61 $15 $5 0011 40 0 $16 $640.00 $64.00 $48.96 $15 $0 1101 - - $78,000 $1,500.00 $300.00 $114.75 $200 $12 round to the nearest cent.

calculate the net pay for employee 1101. the overtime rate is time - and - a - half. empl hrs ot rate gross fit fica health dental net 0010 40 5 $12 $570.00 $57.00 $43.61 $15 $5 0011 40 0 $16 $640.00 $64.00 $48.96 $15 $0 1101 - - $78,000 $1,500.00 $300.00 $114.75 $200 $12 round to the nearest cent.

Answer

Explanation:

Step1: Identify deductions

The deductions for employee 1101 are FIT ($300.00), FICA ($114.75), Health ($200), and Dental ($12).

Step2: Calculate total deductions

Add up all deductions: $300 + 114.75+200 + 12=$626.75$.

Step3: Calculate net - pay

Subtract total deductions from gross pay. Net pay = Gross pay - Total deductions. Given gross pay is $1500.00. So, net pay = $1500 - 626.75=$873.25$.

Answer:

$873.25$