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QUESTIUN 3

Adam works at an electronics store, earning $10.25 an hour, and is paid time and a half for any overtime. Last

week, he worked 48 hours. His federal tax withheld is 15% and his state tax withheld is 4%. Social Security and

Medicare taxes are also withheld. Determine his net pay for the week. "

Respuesta :

Answer: Net pay for the week is $560.88.

Step-by-step explanation:

Since we  have given that

Cost per hour = $10.25

Number of hours = 48

So, total cost would be

[tex]48\times 10.25\\\\=\$492[/tex]

Rate of federal tax = 15%

Rate of state tax = 4%

Total tax rate = 15+4=19%

So, Amount of tax would be

[tex]\dfrac{19}{100}\times 492\\\\=0.14\times 492\\\\=\$68.88[/tex]

So, Total net pay for the week would be

[tex]492+68.88\\\\=\$560.88[/tex]

Hence, net pay for the week is $560.88.

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