Warm Up Activity
Mr. William’s payslip contains the following earning and deduction information:
- Regular Wages $288.00
- Overtime Wages $21.60
- Gross Pay $309.60
- Deductions:
- Social Security Tax $19.20
- Medicare Tax $4.49
- Federal Income Tax $12.00
- State Income Tax $6.19
- Hospital Insurance $5.75
- Net Pay $261.97
Review each item of the payslip and analyze how the total earnings, deductions, and net pay are calculated.