Question

Tony makes an hourly salary of 15.40 for 40 Regular hours of work. For any time work beyond 40 hours, he is paid at a rate of time and a half per hour. Last week, Tony worked 46 hours. Find each of the following for this period.

Answer 1

Tony's total earnings for the week are $754.60, which includes his regular pay for 40 hours at an hourly rate of $15.40 and overtime pay for 6 extra hours at a rate of time and a half.

Step-by-step explanation:

The subject of this question is Mathematics, specifically, it involves calculations relating to wage and overtime pay.

Calculating Regular and Overtime Pay

Tony earns an hourly wage of $15.40 for regular hours and is paid at a time and a half rate for any hours worked beyond 40 hours. Since he worked 46 hours last week, we can calculate his earnings as follows:

Calculate regular pay for 40 hours: 40 hours × $15.40 = $616.00.

Calculate the overtime pay rate: $15.40 × 1.5 = $23.10 per hour.

Calculate overtime pay for 6 hours: 6 hours × $23.10 = $138.60.

Add regular pay and overtime pay to get total earnings: $616.00 + $138.60 = $754.60.

Therefore, Tony's total earnings for the week, including overtime, are $754.60.

Answer 2

I have added a screenshot with the complete question.

Part (1):
We know that:For the first 40 hours, Tony is paid $11.5 per hour For additional hours,Tony is paid 1.5 * 11.5 = $17.25 for each hourLast week he worked 46 hours.Therefore:he got the normal payment of $11.5 for the first 40 hourshe got the special payment of $17.25 for the extra 6 hoursThis means that:Total amount he gained = 40(11.5) + 6(17.25) = $563.5This means that, before removing any taxes or insurances, Tony had a payment of $563.5

Part (2):
We are given that the social security tax is 6.2% of the amount he gained.
Therefore:
social security tax = 6.2% * 563.5
social security tax = 0.062 * 563.5
social security tax = $34.937

Part (3):
We are given that the medicare tax is 1.45% of the amount he gained.
Therefore:
medicare tax = 1.45% * 563.5
medicare tax = 0.0145 * 563.5
medicare tax = $8.17075

Part 4):
To get the amount that Tony has after all the taxes are paid, we will simply subtract the amount of taxes from what he originally gained as follows:final amount gained = 563.5 - (34.937+8.17075)final amount gained after taxes = $520.39225

Hope this helps :)