vicentesanchez789
Answered

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100 POINTS!!!


Garrett earned $634.10 in net pay for working 27 hours. He paid $156.61 in federal and state taxes, and $61.24 in FICA taxes. What is Garrett's hourly wage?

Show work for 100 POINTS!!!

Sagot :

semsee45

Answer:

$31.55

Step-by-step explanation:

Net pay = $634.10

Hours worked = 27

Taxes = $156.61

FICA = $61.24

Gross pay = earnings before taxes, benefits and other deductions

Net pay = earnings after all withholdings are accounted for

⇒ Gross pay = net pay + deductions

                      = $634.10 + $156.61 + $61.24

                     = $851.95

⇒ hourly wage = gross pay ÷ number of hours

                         = 851.95 ÷ 27

                         = $31.55 (nearest cent)

Gross income:-

Total money earned=634.1+156.61+61.24

  • 851.95$

No of hours=27h

Hourly weightage:-

  • Gross income/Total hours
  • 851.95/27
  • 31.5$
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