Question

1. Juliet O'Hara works for a weekly paycheck. Last week she worked 5 days for a total of 39 hours. Her regular rate of pay is $10.95 an hour. In addition to federal income tax, state income tax, Medicare, and social security, Juliet also has insurance of $20 a week withheld and puts 4% of her gross pay into a retirement account. Compute her gross pay, deductions, and net pay. SHOW YOUR WORK!

Answer 1

Explanation:

given data:

hours worked weekly = 39

pay/her = $10.95

insurance withheld weekly = $20

percentage put into Retirement = 4%

Solution:

Gross pay

= hrs worked weekly x pay/hr

= 39 x $10.95

= $427.05.

Deductions

insurance deduction

= $427.05 – $20

= $407.05

Amount put into retirement account

= 4% of $427.05

= 4/100 x $427.05

= $17.082

NET PAY

= $427.05 – $20 –$17.082

= $389.97