Answer is:
Hannah's net pay is $466.31.
Step-by-step
To calculate Hannah's gross pay, we need to determine her total regular hours and overtime hours worked during the week. Regular hours are hours worked up to 40 hours in a week, and any hours worked over 40 hours are considered overtime hours.
Regular Hours = 8 + 8 + 8 + 8 + 8 + 0 + 0 = 40 hours
Overtime Hours = 3 hours
Hannah's hourly rate is $18/hr, and her gross pay is calculated as follows:
Gross Pay = (Regular Hours x Hourly Rate) + (Overtime Hours x Hourly Rate x 1.5)
Gross Pay = (40 x $18) + (3 x $18 x 1.5)
Gross Pay = $720 + $81
Gross Pay = $801
Now, let's create a pay stub to represent Hannah's gross pay, withholdings and deductions, and net pay.
Pay Stub for Hannah
Pay Period: Week of 10/05/2023
Employee Information:
Name: Hannah
Employee ID: XXXXX
Pay Rate: $18/hr
Withholding Allowances: 1
Earnings:
Regular Hours: 40 hours
Overtime Hours: 3 hours
Gross Pay: $801.00
Deductions:
Federal Withholding Tax: $118.28
Social Security Tax: $49.68
Medicare Tax: $11.63
Health Insurance Premium: $75.00
401(k) Contribution: $80.10
Net Pay: $466.31
The above pay stub shows Hannah's gross pay of $801.00, along with her deductions for federal withholding tax, social security tax, Medicare tax, health insurance premium, and 401(k) contribution. After these deductions, Hannah's net pay is $466.31.