Elizabeth’s regular hourly wage rate is $22, and she receives an hourly rate of $33 for work in excess of 40 hours. During a January pay period, Elizabeth works 49 hours. Elizabeth’s federal income...

Elizabeth’s regular hourly wage rate is $22, and she receives an hourly rate of $33 for work in excess of 40 hours. During a January pay period, Elizabeth works 49 hours. Elizabeth’s federal income tax withholding is $97, and she has no voluntary deductions. Compute Elizabeth’s net pay for the pay period. Assume that the FICA tax rate is 7.65%.