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. Ms. Franco earned $709.54 in net pay for working 25 hours. She paid $87.45 in federal and state taxes, and $38.45 in FICA taxes.

What was her hourly wage?
(Points : 1)
$23.35
$28.38
$32.42
$33.42,

Answer :

Kalahira
If Ms. Franco earned $709.54 in net pay, then we add back in the federal and state taxes, as well as FICA taxes to yield her gross pay. So, 709.54+87.45+38.45 = 835.44 Now, dividing that by 25, we yield her gross hourly rate; 835.44/25 = 33.4176 or $33.42 per hour. Therefore, the correct answer is the last option, $33.42 per hour in gross wages.

Ms. Franco hourly wage is approximately $33.42

Data

  • Net pay = $709.54
  • Total hours = 25
  • Federal and state tax = $87.45
  • FICA taxes = $38.45

To solve this problem, we have to trace back to know her gross pay and then divide it by the total number of hours worked.

Gross Pay

Sum of all her net pay and all taxes.

[tex]709.54+87.45+38.45=835.44[/tex]

Her total gross pay is $835.44

Hourly Wage

This is the amount she earned working for each hour.

Since she worked for a total of 25 hours, let's divide her gross pay by 25

[tex]\frac{835.44}{25}=33.4176[/tex]

Ms. Franco hourly wage is approximately $33.42

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