Question

100 POINTS!!!

Garrett earned $634.10 in net pay for working 27 hours. He paid $156.61 in federal and state taxes, and $61.24 in FICA taxes. What is Garrett's hourly wage?

Show work for 100 POINTS!!!

Answer 1

Gross income:-

Total money earned=634.1+156.61+61.24

• 851.95$

No of hours=27h

Hourly weightage:-

• Gross income/Total hours
• 851.95/27
• 31.5$

Answer 2

$31.55

Explanation:

Net pay = $634.10

Hours worked = 27

Taxes = $156.61

FICA = $61.24

Gross pay = earnings before taxes, benefits and other deductions

Net pay = earnings after all withholdings are accounted for

⇒ Gross pay = net pay + deductions

= $634.10 + $156.61 + $61.24

= $851.95

⇒ hourly wage = gross pay ÷ number of hours

= 851.95 ÷ 27

= $31.55 (nearest cent)