Question

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. "

Answer 1

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

$48\times 10.25\\\\=\ 492$

Rate of federal tax = 15%

Rate of state tax = 4%

Total tax rate = 15+4=19%

So, Amount of tax would be

$\dfrac{19}{100}\times 492\\\\=0.14\times 492\\\\=\ 68.88$

So, Total net pay for the week would be

$492+68.88\\\\=\ 560.88$

Hence, net pay for the week is $560.88.