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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.

What was Jay’s hourly wage?
(Points : 1)
$17.07
$13.51
$9.93
$4.57

Question 2. 2. Tim’s gross pay is $1568.

How much of his gross pay will be deducted for the Social Security tax?
(Points : 1)
$972.16
$97.22
$25.29
$6.20

Question 3. 3. Ms. Yamato’s gross pay is $2644. Her deductions total $548.30.

What percent of her gross pay is take-home pay?
(Points : 1)
84%
79%
21%
18%

Respuesta :

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%

The answer to the respective questions about Gross and Net Pay are;

1) A: $17.07

2) B: $97.22

3) B: 79%

Understanding Gross Pay and Net Pay

1) His net pay which is amount after deduction = $432.18

  • Federal and State tax = $82.42
  • FICA Taxes = $31.70

Gross Pay = 432.18 + 82.42 + 31.70

Gross Pay = $546.30.

Thus, his hourly wage for the 32 hours = 546.30/32

Hourly wage ≈ $17.07

2) From research the percentage of an employee's pay that is withheld for Social Security is 6.2%.

Thus;

Amount withheld for social security = 0.062(1568)

Amount withheld for social security ≈ $97.22

3) Formula for Gross Pay is;

Gross Pay = Net Pay + Deductions

2644 = Net Pay + 548.30

Net Pay = 2644 - 548.3

Net Pay = $2095.70

Percent of gross pay that is take home is;

(2095.7/2644) * 100% = 79%

Read more about Gross and Net Pay at; https://brainly.com/question/13793671

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