Darcy Renick's weekly pay for 40 hours is ($ 600) plus time and a half for overtime.

Question:

Darcy Renick's weekly pay for 40 hours is \(\$ 600\) plus time and a half for overtime. The federal tax rate, based on her income level and deductions, is 10. 5 percent, the provincial rate is 8. 8 percent, the CPP rate is 4. 95 percent on her weekly earnings, and the EI rate is 1. 88 percent on her weekly earnings. What is Darcy's take-home pay for a week in which she works 50 hours?

a. \(\$ 554. 05\)

b. \(\$ 581. 74\)

c. \(\$ 609. 42\)

d. \(\$ 660. 65\)

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Horngrens Accounting Volume 1

ISBN: 9780135359709

11th Canadian Edition

Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura, Carol Meissner, JoAnn Johnston, Peter Norwood

Question Posted: