connorhinton2003 connorhinton2003
  • 07-06-2021
  • Mathematics
contestada

You earn $22 an hour and work 40 hours this week. Your Federal Income Tax rate is 20% and Social Security Tax rate is 5%. What is your net pay?

Respuesta :

bangtanot7
bangtanot7 bangtanot7
  • 07-06-2021

Answer:

$660

Step-by-step explanation:

22*40 = 880 dollars. This is your gross pay.

Then, 880*0.2 (deduction of federal income tax rate) = 176 dollars

We also have to deduct the social security tax rate so, 880*0.05 = 44 dollars

Therefore, we totally have to deduct 176 + 44 dollars which is 220 dollars. 880-220 = 660.

Let me know if im wrong!

Answer Link

Otras preguntas

What was the most important city to the Mississippian culture?
change the folllowing sentence to passive" i will inform him about the test"​
What would the corresponding concentration values of OH- be for the pH values: 1, 3, 5, 7, 9, 11?
808, 408, 208,108, 68 find out wrong number.​
need heeeelp please ​
a man uses a 900 watt electric iron to press his clothes for an average of 4 hours a week for five weeks if the cost of an electric energy is 3 Kobo per unit ca
8 ABC please trig assignment
how to conserve forest...?​
change the folllowing sentence to passive" i will inform him about the test"​
In pentagon ABCDE shown above, each side is 1 cm. If a particle starts at point A and travels clockwise 723 cm along ABCDE, at which point will the particle sto