Question

Duc works for a salary of $2,200 per month. His computed hourly rate of pay is $13.75 per hour. Although Duc earns a salary, he sometimes qualifies for overtime pay for special situations. For overtime hours, he earns 1½ times his regular computed hourly rate. Last month, he worked for 14 paid overtime hours. He has federal income tax withheld at the rate of 15%, social security tax at the rate of 6.2%, Medicare tax at the rate of 1.45%, and health insurance premiums of $85 per month. What was his net pay?

Answer 1

Assuming 2200$ is his salary WITHOUT overtime, my answer is approximatively: 1794.88$

Answer 2

Net pay is take-home pay or pay after tax so 2200 per month assume that 2200 is salary without overtime counted 13.75 per hour overtime=1 and 1/2 times regular so worked 14 overtime hours or 14 times 1 and 1/2 times 13.75=288.75 add to salary 2488.75 take taxes so take 15% and 6.2% and 1.45% and $85, so add the percents up and subtract 15+6.2+1.45=22.65% subtract from 100 to find how much left 100-22.65=77.35% left multiply this to total salary which is overtimepay+salary=2488.75 77.35%=0.7735 0.7735 times 2488.75=1925.05 then subtract health insurance premiums which is 85 1925.05-85=1840.05 his net pay was $1840.05