Respuesta :
Answer:
Step-by-step explanation:
The employee earns $10,100/month, with his employer paying 1.5 times the regular rate of pay for overtime hours. To date, he has earned $124,740 during the year. He has requested that his employer withhold 12% of gross pay, which is to be contributed to a 401(k) plan. Taxable income for federal income tax withholding = $
(a) Simon's salary three years ago is $33586.576.
(b) Gross monthly salary at the present is $2798.88.
(C) Net pay per month is $2169.09.
What is a word problem?
A word problem is a verbal description of a problem situation. It consists of few sentences describing a 'real-life' scenario where a problem needs to be solved by way of a mathematical calculation.
For the given situation,
The Simon's salary at present = $35730.40 p.a.
Increased rate = 6% = 0.06
(a) Simon's salary three years ago:
⇒ [tex]\$35730.40(0.06)[/tex]
⇒ [tex]\$2143.824[/tex]
Original salary of Simon,
⇒ [tex]35730.40-2143.824[/tex]
⇒ [tex]\$33586.576[/tex]
(b) Gross monthly salary at the present:
⇒ [tex]\frac{33586.57}{12}[/tex]
⇒ [tex]2798.88[/tex]
(C) Net pay per month:
Deductions each month amount to 22.5% of his gross salary,
⇒ [tex]22.5\%=0.225[/tex]
⇒ [tex]2798.88(0.225)[/tex]
⇒ [tex]\$629.79[/tex]
Thus net pay per month,
⇒ [tex]2798.88-629.79[/tex]
⇒ [tex]\$2169.09[/tex]
Hence we can conclude that
(a) Simon's salary three years ago is $33586.576.
(b) Gross monthly salary at the present is $2798.88.
(C) Net pay per month is $2169.09.
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