Question

Calculate the net pay. Show your work! Suzi works 49 hours this week for $10/ hour. Suzi's pay is deducted for NJ state tax (3%) and Social Security tax (7.65%). How much money did Suzi earn this week after taxes

Answer 1

Answer: $437.815

Explanation:

The amount that Suzi earn this week after taxes will be calculated thus:

Income = 49 × $10 = $490

NJ state tax = 3%

Social Security tax = 7.65%

Net pay = $490 - (3% × $490) - (7.65% × $490)

= $490 - (0.03 × $490) - (0.0765 × $490)

= $490 - $14.70 - $37.485

= $437.815

The net pay is $437.815