Question

Marisol earns $8.50 per hour. How much will her take home pay be if she works 32 hours next week assuming that her employer withholds 15 percent for federal income taxes and 7.65 percent for FICA? Round to two decimal places.

Answer 1

Answer: $210.39

Explanation:

First, let’s find the amount she’ll earn without the employer withholding any of it. I can find that by multiplying 8.5 by 32, which will give me $272. Then, let’s find the total percentage of the earnings that her employer withholds. I can find that by adding 15 and 7.65, which will give me 22.65%. 22.65% of 272 is 61.608. 272 - 61.608 is 210.392. After rounded it to two decimals, the answer will be $210.39.