calculate the net pay for employee 1101. the overtime rate is time - and - a - half.\n\n|empl|hrs|ot|rate|gro…

calculate the net pay for employee 1101. the overtime rate is time - and - a - half.\n\n|empl|hrs|ot|rate|gross|fit|fica|health|dental|net|\n|----|----|----|----|----|----|----|----|----|----|\n|0010|40|2|$15|$645.00|$64.50|$49.34|$15|$5|\n|0011|40|8|$15|$780.00|$78.00|$59.67|$15|$0|\n|1101|-|-|$48,000|$923.08|$138.46|$70.62|$200|$12|\n\n$?\n\nround to the nearest cent.

calculate the net pay for employee 1101. the overtime rate is time - and - a - half.\n\n|empl|hrs|ot|rate|gross|fit|fica|health|dental|net|\n|----|----|----|----|----|----|----|----|----|----|\n|0010|40|2|$15|$645.00|$64.50|$49.34|$15|$5|\n|0011|40|8|$15|$780.00|$78.00|$59.67|$15|$0|\n|1101|-|-|$48,000|$923.08|$138.46|$70.62|$200|$12|\n\n$?\n\nround to the nearest cent.

Answer

Explanation:

Step1: Define net - pay formula

Net pay = Gross pay - FIT - FICA - Health - Dental

Step2: Substitute values

Net pay = $923.08−138.46 - 70.62-200 - 12$

Step3: Calculate subtraction

Net pay=$923.08-(138.46 + 70.62+200 + 12)$ Net pay=$923.08 - 421.08$ Net pay = $502.00$

Answer:

$502.00$