Carl makes $14.00 per hour, earning time and a half for any time worked in the e
ID: 2576433 • Letter: C
Question
Carl makes $14.00 per hour, earning time and a half for any time worked in the excess of 40 hours per week. Carl works 46 hours this week. He calls you Friday afternoon and asks how much he will be making. Since payroll will not be processed until next Tuesday, the figures will have to be processed manually. Consulting the withholding tax guide, you see that Carl's Federal Income Tax will be $70.00, and you know that FICA will take 7.65% of his earnings. (Carl is well under the cap for this year). If Carl has no other deductions, what will his net pay be?
A. 522.48 B. 563.52 C. 568.88 D. 686.00 E. 818.72
Explanation / Answer
Option B. is correct
Earnings hours Rate Amount Normal 40 14 560 Extra time 6 21 126 Earnings 686