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2 answers:
Answer:
The net pay is $64.28 .
Step-by-step explanation:
As given
You are paid $7.75/hr at your part-time job .
You work 11 hours.
Thus
Gross pay = Number of hours works × Pay per hour
Put all the values in the above
Gross pay = 11 × 7.75
= $85.25
As given
Deductions are FICA (7.65%), federal tax withholding (10.15%), and state tax withholding (6.8%).
7.65% is written in the decimal form
= 0.0765
FICA tax = 0.0765 × Gross pay
= 0.0765 × $85.25
= $6.522 (Approx)
10.15% is written in the decimal form
= 0.1015
Federal tax = 0.1015 × Gross pay
= 0.1015 × 85.25
= $8.653 (Approx)
6.8% is written in the decimal form
= 0.068
State tax = 0.068 × Gross pay
= 0.068 × 85.25
= $ 5.797
Thus
Net pay = Gross pay - FICA tax - Federal tax - State tax
Put all the values in the above
Net pay = $ 85.25 -$6.522 - $8.653 - $ 5.797
= $85.25 - $20.972
= $64.28 (Approx)
Therefore the net pay is $64.28 .
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Answer:
16 acres
Step-by-step explanation:
First find the operating cost for 1 acre. Find that by dividing $551,520 by 20 acres. That gives us $27,576 per acre. Now we can set up a proportion to solve for the number of acres that have an operating cost of $441,216:
Cross multiply to get:
27576x = 441216 so
x = 16
We did not have to find the cost per acre to solve this. We could have set up the proportion with $551,520 on the top of the ratio and 20 on the bottom and we would still have gotten the same answer. I just figured the numbers wouldn't be as large if we divided to find the cost per unit.
