Answer to Question #335579 in Financial Math for Tezz

Question

Jason works at PetCo Refinery for $12.50 per hour He Overtime pay (time and a half for alLhours over 40 that he works in a week If he works holidays , he gets double time for the hour in that day, but they are not counted foward overtime The table below shows the hours that Jason worked in the last two weeks a. What would be his gross pay for the two weeks? b. What will be his net pay for the two weeks following deductions (income tax for a married filing jointly, social security 6.2% of gross, Medicare 1.45% of gross retirement fund 3% of gross)?

week 1

8hrs 8hrs 8hrs 8hrs 8hrs 8hrs

week 2

8hrs 10ths 8hrs Christmas holiday 8hrs 8hrs 8hrs

Answer 1

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