Question

Jay earned $432.18 in net pay for working 32 hours. He paid $82.42 in federal and state taxes, and $31.70 in FICA taxes.

Answer 1

Answer:

$17.07; $97.22; 79%

Step-by-step explanation:

Jay's gross pay will be before anything is deducted; this means it is

432.18+82.42+31.70 = $546.30.

He earned this by working 32 hours; this makes his hourly wage

546.30/32 = 17.071875 ≈ $17.07

6.2% of an employee's pay is withheld for Social Security.  This means that

0.062(1568) = 97.216 ≈ $97.22 is withheld.

Ms. Yamato's net pay is given by subtracting her deductions from her gross pay:

2644-548.30 = $2095.70

To find the percent of her gross pay that her take home pay represents, we divide:

2095.7/2644 = 0.7926 ≈ 0.79 = 79%

Answer 2

1) $17.07 
2)$97.22
3) 79%