Answer:
Gross Earning is $323
Total deduction is $95.77 and
Net pay is $227.23
Step-by-step explanation:
Given the pay rate and hours worked(8.50, 38.0)
Pay rate = $8.50 per hour
Number of hours worked = 38.0 hours
Total pay in 38 hours (Gross Earning) = 38 x 8.5 = $323
Now we find deduction of all taxes
Federal taxes (assuming 15% of gross earnings)
Therefore, Federal taxes = 0.15 x 323 = $48.45
State taxes (assuming 5% of gross earnings)
Therefore, State taxes = 0.05 x 323 = $16.15
Local taxes (assuming 2% of gross earnings)
Therefore, Local taxes = 0.02 x 323 = $6.46
Social security deduction (assuming 7.65% of gross earnings)
Therefore, Social security deduction = 0.0765 x 323 = $24.71
Total deduction = Federal taxes + State taxes + Local taxes + Social security deduction
Total deduction = 48.45+16.15+6.46+24.71 = $95.77
Net Pay = Gross Earning - Total deduction
Net Pay = $323 - $95.77 = $227.23
Thus, Gross Earning is $323, Total deduction is $95.77 and Net pay is $227.23
