Question

Garrett earned $ 410,60 in net pay for working 37 hours. He paid $ 159.61 infederal and state taxes, and $ 66.37 in FICA taxes. What is Garrett's hourly wage?Round your answer to two decimal places. If answer doesn't have twodecimal placesinclude zeros to make two decimal places.

Answer 1

Garrett earned $410.60 in net pay for working 37 hours. He paid $159.61 in federal and state taxes, and $66.37 in FICA taxes. To find his hourly salary, we just need to find his actual salary(his net pay plus the value he paid in taxes) and divide by the total amount of worked hours.

His earnings before taxes are given by his net pay plus the tax values

`410.6+159.61+66.37=636.58`

Since he worked 37 hours, his hourly salary is given by

`(636.58)/(37)=17.2048648649\ldots\approx17.20`

His hourly salary is $17.20.