Question

You get a part-time job earning $7.50/hr. Your tips are $2.75/hr on average. Deductions are FICA (7.65%), federal tax withholding (9.25%), and state tax withholding (6.45%). You work for 10 hours. What is your gross base pay?

Answer 1

"What is your *gross* base pay?"

Answer 2

thats what i have to find out !

Answer 3

I know. It's easier than you think. *Gross* pay.

Answer 4

so how do i do it

Answer 5

Do you have a job?

Answer 6

no

Answer 7

Okay, let's say you did. If you made $8 an hour, how much would you make in 5 hours?

Answer 8

40

Answer 9

Right. That would be your gross pay.

Now, looking back at the question, can you calculate your gross (pre-tax) pay?

Answer 10

is it 75 ?

Answer 11

Don't forget your tips.

Answer 12

102.50 all together

Answer 13

Yes, good. That is your gross pay.

Had it asked for net pay, you would need to calculate and subtract taxes.

Answer 14

thanks and i have 1 more quick question how would i solve this [problem ? Your part-time job pays $8.35/hr and your deductions are FICA (7.65%), federal tax withholding (10.25%), and state tax withholding (7.15%). You work for 12 hours. What is your net hourly wage?

Answer 15

Okay, so now it wants your *net* pay per hour. You'll need to factor in taxes. The only thing is, I don't know how US taxes work, so you'll need to look into them to see if one is deducted before the others, or if they all come off simultaneously.