name \nbuilding math skills: computing net pay\nkerry worked 52 hours last week. his hourly rate is $10. he…

name \nbuilding math skills: computing net pay\nkerry worked 52 hours last week. his hourly rate is $10. he has the following deductions taken from his pay: federal income tax at the rate of 10 percent, social security tax at the rate of 6.2 percent, medicare tax at the rate of 1.45 percent, health insurance premiums of $22, and union dues of $9. kerrys net pay for last week was.\ntotal gross pay \ntotal deductions \ntotal net pay \njohn worked 43 hours last week. his hourly rate is $9.00. he has the following deductions taken from his pay: social security tax at the rate of 6.2 percent, medicare tax at the rate of 1.45 percent, health insurance premiums of $15.00. john also has federal income tax withheld at the rate of 10 percent. johns net pay for last week was $\ntotal gross pay \ntotal deductions \ntotal net pay

name \nbuilding math skills: computing net pay\nkerry worked 52 hours last week. his hourly rate is $10. he has the following deductions taken from his pay: federal income tax at the rate of 10 percent, social security tax at the rate of 6.2 percent, medicare tax at the rate of 1.45 percent, health insurance premiums of $22, and union dues of $9. kerrys net pay for last week was.\ntotal gross pay \ntotal deductions \ntotal net pay \njohn worked 43 hours last week. his hourly rate is $9.00. he has the following deductions taken from his pay: social security tax at the rate of 6.2 percent, medicare tax at the rate of 1.45 percent, health insurance premiums of $15.00. john also has federal income tax withheld at the rate of 10 percent. johns net pay for last week was $\ntotal gross pay \ntotal deductions \ntotal net pay

Answer

Explanation:

Step1: Calculate Kerry's gross pay

Gross pay = hours worked × hourly rate. Kerry worked 52 hours at a rate of $10 per hour, so gross pay = $52\times10 = 520$.

Step2: Calculate Kerry's tax - related deductions

Federal income tax = 10% of gross pay = $0.1\times520 = 52$. Social Security tax = 6.2% of gross pay = $0.062\times520=32.24$. Medicare tax = 1.45% of gross pay = $0.0145\times520 = 7.54$.

Step3: Calculate total deductions for Kerry

Total deductions = federal income tax+Social Security tax + Medicare tax+health insurance premiums+union dues = $52 + 32.24+7.54 + 22+9=122.78$.

Step4: Calculate Kerry's net pay

Net pay = gross pay - total deductions = $520 - 122.78=397.22$.

Step5: Calculate John's gross pay

John worked 43 hours at a rate of $9 per hour, so gross pay = $43\times9=387$.

Step6: Calculate John's tax - related deductions

Federal income tax = 10% of gross pay = $0.1\times387 = 38.7$. Social Security tax = 6.2% of gross pay = $0.062\times387 = 23.994$. Medicare tax = 1.45% of gross pay = $0.0145\times387=5.6115$.

Step7: Calculate total deductions for John

Total deductions = federal income tax+Social Security tax + Medicare tax+health insurance premiums = $38.7+23.994 + 5.6115+15=83.3055$.

Step8: Calculate John's net pay

Net pay = gross pay - total deductions = $387-83.3055 = 303.6945\approx303.69$.

Kerry: Total Gross Pay: $520 Total Deductions: $122.78 Total Net Pay: $397.22

John: Total Gross Pay: $387 Total Deductions: $83.3055 Total Net Pay: $303.69

Answer:

Kerry - Total Gross Pay: $520, Total Deductions: $122.78, Total Net Pay: $397.22; John - Total Gross Pay: $387, Total Deductions: $83.3055, Total Net Pay: $303.69