An Employee Receives an Hourly Wage Rate of $15,with Time

Multiple Choice

An employee receives an hourly wage rate of $15,with time and a half for all hours worked in excess of 40 during the first week of the calendar year.Payroll data for the first week of the calendar year are as follows: hours worked,48; federal income tax withheld,$120; social security tax rate,6%; and Medicare tax rate,1.5%; state unemployment compensation tax,3.4% on the first $7,000; federal unemployment compensation tax,0.8% on the first $7,000.What is the net amount to be paid to the employee?

A) $568.74
B) $601.50
C) $660.00
D) $574.90