Question

Martin Jackson receives an hourly worked, 43; federal income tax with rate of $24, with time and a half $330, city tax rate 6
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Answer #1

Answer:- $657.9

Explanation:-

Gross pay = Earnings at regular rate + Earnings at overtime rate
Gross pay = [($24 ×40) + ($24 ×1.5×3)
Gross pay = $960 + $108
Gross pay = $1,068
Net pay = Gross pay - (Federal income tax + social security tax + Medicare tax)
Net pay = $1,068 -[$330 + ($1,068 × 6%) + ($1,068 ×1.5%)
Net pay = $1,068 -[$330 + $64.08 + $16.02)
Net pay = $1,068 - $410.1
Net pay = $657.9

Note:- 43hours - 40hours = 3 hours

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