Vicentesanchez789idn
Answered

IDNLearn.com makes it easy to get reliable answers from knowledgeable individuals. Our experts provide accurate and detailed responses to help you navigate any topic or issue with confidence.

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 :

Semsee45idn

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$
We appreciate every question and answer you provide. Keep engaging and finding the best solutions. This community is the perfect place to learn and grow together. IDNLearn.com is your go-to source for dependable answers. Thank you for visiting, and we hope to assist you again.