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Check My Work Kerry worked 46 hours last week. His hourly rate is $9.60. He has the following deductions taken rate of 6.2 percent, Medicare tax at the rate of 1.45 percent, health insurance premiums of $12.20, and union dues of $9.50. Kerrys net pay for last week was s from his pay, federal income tax at the rate of 10 percent, Social Security tax at the
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Answer #1

Gross Pay :-

Basic = 40 * $9.6 = $384

overtime = 6 * ($9.6*1.5)= $86.4

Total Gross Pay = $470.4

Calculation of Net Pay :-

Particulars Amount($)
Gross Pay 470.4
Less : Federal Income Tax (470.4*10%) (47.04)
Less : Social Security Tax (470.4*6.2%) (29.16)
Less : Medicare Tax (470.4*1.45%) (6.82)
Less : Health Insurance Premiums (12.20)
Less : Union dues (9.50)
Net Pay 365.68
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