Be Money Management Net Pay

Explanation
The regular hours worked by Brad is 40 because it is stated as the answer.

Explanation
Since the question states that Brad worked a total of 49 hours, and the answer is given as 9, it can be inferred that the overtime hours worked by Brad were 9.

Explanation
The overtime rate of pay for Josh would be $35.40 or $35.4 per hour. This can be calculated by multiplying his regular hourly rate of $23.60 by 1.5, as overtime pay is typically 1.5 times the regular rate.

Explanation
To find Emily's regular hourly wages, we need to divide her total earnings by the number of hours worked. In this case, her total earnings are $543.53 (rounded to 2 decimal places) and she worked for 37 hours. Dividing $543.53 by 37 gives us $14.69, which is her regular hourly wage.

Explanation
Tracy's regular hourly rate is $9.75 per hour, which means she earns this rate for the first 40 hours she works. Any hours worked beyond 40 hours are considered overtime. Her overtime rate is $14.63 per hour. Since the question asks for her overtime wages, we need to calculate the additional amount she will be paid for her overtime hours. To do this, we subtract the regular hours (40) from the total hours worked (48) to find the number of overtime hours (8). Then, we multiply the number of overtime hours (8) by her overtime rate ($14.63) to get her overtime wages. Therefore, her overtime wages are $117.04.

Explanation
Brant's gross pay is $1,197.75 and his tax rate is 27.00%. To calculate the amount he would pay in FEDERAL Income taxes, we need to multiply his gross pay by his tax rate. $1,197.75 multiplied by 27.00% is equal to $323.39. Therefore, Brant would pay $323.39 in FEDERAL Income taxes.

Explanation
Brant's gross pay is $1,197.75. To calculate his MEDICARE taxes, we need to multiply his gross pay by the tax rate of 1.45%.

$1,197.75 * 1.45% = $17.3611375

Since the answer should be rounded to 2 decimal places, the answer would be 17.36.

Explanation
Brant's gross pay is $1,197.75. To calculate how much he would pay in state income taxes, we need to multiply his gross pay by his tax rate, which is 6.59%.

$1,197.75 * 0.0659 = $78.927225

Rounding this to 2 decimal places, we get $78.93. Therefore, the correct answer is 78.93.

Explanation
Liz's regular wages are calculated by multiplying her regular hours (40) by her regular pay rate ($14.30), resulting in $572. Her overtime wages are calculated by multiplying her overtime hours (52 - 40 = 12) by her overtime pay rate ($14.30 x 1.5 = $21.45), resulting in $257.40. To find her gross pay, we add her regular wages and her overtime wages, which equals $572 + $257.40 = $829.40. Therefore, her gross pay is $829.40.

Explanation
The correct answer is $588.00. To calculate Jordan's gross pay, we multiply the number of hours worked (46) by the rate of pay per hour ($12.00). This gives us 46 * $12.00 = $552.00. Therefore, Jordan's gross pay is $552.00.

Explanation
Ryan's total deductions can be calculated by adding up the deductions for federal income tax, Social Security tax, Medicare tax, state income tax, union dues, and health insurance employee.

Federal income tax deduction is 39.00% of $996.45, which is $388.31.
Social Security tax deduction is 6.20% of $158.41, which is $9.82.
Medicare tax deduction is 1.45% of $37.05, which is $0.54.
State income tax deduction is 6.50% of $166.08, which is $10.77.
Union dues deduction is $30.
Health insurance employee deduction is $60.

Adding up all these deductions, we get $388.31 + $9.82 + $0.54 + $10.77 + $30 + $60 = $499.44.

Therefore, Ryan's total deductions are $499.44, which is rounded to $499.45 in two decimal places.

Explanation
Diana's net pay can be calculated by subtracting the total deductions from her total earnings. Her total earnings consist of her regular hourly wages and her overtime wages, which amount to $800.00 + $300.00 = $1,100.00. Subtracting the total deductions of $562.90 from her total earnings gives us $1,100.00 - $562.90 = $537.10. Therefore, Diana's net pay is $537.10.