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Bigman81 Bigman81
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7 years ago
Aaron earns $21.00 per hour with time - and - a - half for hours in excess of 40 per week.  He worked 49 hours at his job during the first week of March 2017.  Aaron pays income taxes at 15% and 7.65% for OASDI and Medicare.  All of his income is taxable under FICA.  Determine Aaron's net pay for the week.

A. $954.98
B. $869.03
C. $716.70
D. $699.82
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#1
Staff Member
Educator
7 years ago
Gross Pay      $1,320.00
   Straight Time Pay (40 $24.00 )   960.00
   Overtime pay (10 $24.00 1.5 )   360.00

Less   Federal Income tax (15% $1,320.00   198.00
   OASDI and Medicare (7.65% $1,320.00 )   100.98
     
      298.98
Net Pay      $1,021.02
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