vicentesanchez789
Answered

Find the best solutions to your questions at Westonci.ca, the premier Q&A platform with a community of knowledgeable experts. Ask your questions and receive accurate answers from professionals with extensive experience in various fields on our platform. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.

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$
Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Get the answers you need at Westonci.ca. Stay informed by returning for our latest expert advice.