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 3 $15 $667.50 $66.75 $51.06 $15 $5 0011 37 0 $19 $703.00 $70.30 $53.78 $15 $0 1101 - - $72,000 $1,384.62 $207.69 $105.92 $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 3 $15 $667.50 $66.75 $51.06 $15 $5 0011 37 0 $19 $703.00 $70.30 $53.78 $15 $0 1101 - - $72,000 $1,384.62 $207.69 $105.92 $200 $12 round to the nearest cent.

Answer

Explanation:

Step1: Identify deductions

Deductions include FIT, FICA, Health, and Dental.

Step2: Calculate total deductions

Total deductions = $207.69 + 105.92+200 + 12=$325.61$

Step3: Calculate net - pay

Net pay = Gross pay - Total deductions. Given gross pay of employee 1101 is $1384.62$. So net pay = $1384.62-325.61=$1059.01$

Answer:

$1059.01$