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 one way United States Participation in World War II affected the American economy
list four types of ic packages​
I NEED ANSWER ASAP PLEASE I AM IN A HURRY
what are some differences between communism and democracy
which is the best way to respond to feeback on a research paper
Can someone please help
What is the definition of free fall
What is a solution give a example
Which sentence uses correct punctuation? Debbie knew that studying for her test was important, consequently, she cleared her schedule for the night. Debbie
A baby carriage is sitting at the top of a hill that is 21 m high. The carriage with the baby has a mass of 4kg. The carriage has —— energy. Calculate it.