Answered

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If an employee at Tacos R US gets paid $11.50 per hour. Find his net pay if the
employee works 38 hours in that one week. Employee has a 10% federal tax rate. SS
tax is 6.2% and Medicare tax is 1.45%

Sagot :

facundo3141592

the net pay (weekly) is $359.87

How to find the net pay?

First, we know that the employee wins $11.50 per hour. The employee works 38 hours per week, then the weekly pay is:

38*$11.50  = $437

Now we need to discount the taxes:

There are 10% from federal tax, 6.2% from social services and 1.45% from medicare.

The total is:

10% + 6.2% + 1.45% = 17.65%

Then we need to discount a 17.65% of the weekly pay, we will get:

$437*(1 - 17.65%/100%) = $437*(1 - 0.1765) = $359.87

We conclude that the net pay (weekly) is $359.87

If you want to learn more about taxes:

https://brainly.com/question/9437038

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