calculate the net pay for employee 0010. the overtime rate is time - and - a - half. empl hrs ot rate gross…

calculate the net pay for employee 0010. the overtime rate is time - and - a - half. empl hrs ot rate gross fit fica health dental net 0010 40 3 $15 $667.50 $66.75 $51.06 $15 $5 0011 37 0 $19 $703.00 $70.30 $53.78 $15 $0 1101 - - $72,000 $1,384.62 $207.69 $105.92 $200 $12 round to the nearest cent.

calculate the net pay for employee 0010. the overtime rate is time - and - a - half. empl hrs ot rate gross fit fica health dental net 0010 40 3 $15 $667.50 $66.75 $51.06 $15 $5 0011 37 0 $19 $703.00 $70.30 $53.78 $15 $0 1101 - - $72,000 $1,384.62 $207.69 $105.92 $200 $12 round to the nearest cent.

Answer

Explanation:

Step1: Identify deductions

Deductions = FIT + FICA+Health + Dental

Step2: Substitute values

Deductions = $66.75 + 51.06+15 + 5$ Deductions = $137.81$

Step3: Calculate net - pay

Net pay = Gross pay - Deductions Net pay = $667.50-137.81$ Net pay = $529.69$

Answer:

$529.69$