Question

Consumer Math help please

Answer 1

You are paid $8.55/hr at your part-time job. You work 10 hours per week. You are considering working a part-time job for $6.25/hr, and it pays tips. You will earn an average of $3.00/hr in tips. If you work the same 10 hours at the new job, how much more is your total gross income including tips compared to your old job?


You are paid $7.45/hr at your part-time job. Your deductions are FICA (7.65%), federal tax withholding (10.65%), and state tax withholding (5.7%). Your travel expenses are $5.70 per day worked. You work 12 hours over a 3-day period of time. What is your net income after travel expenses?

Answer 2

Looks like we'll need to calculate your total income for each job separately and then compare the results.

Job #1: You are given the rate of pay and the number of hours worked. Your gross pay is just (rate)(time worked) = ?

Job #2: You are given the rate of pay and the numbers worked, plus the average hourly amount of tips. Your gross pay is (wage rate)(number of hours worked) + (average hourly tip rate)(number of hours worked). You could either calculate wages and tips separately and add the results together, or you could add together the rates and then multiply that sum by the nmber of hours worked. Your choice!