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If Marcia's Gross Pay equals B3 times C3 and the tax rate is 28%, what is her tax amount? $51.11 $54.23 $5.42 $5.11 - Use
If Marcia's Gross Pay equals B3 times C3 and the tax rate is 28%, what is her tax amount? $51.11 $54.23 $5.42 $5.11 - Use this spreadsheet along with the information in the question to find the correct answer. - Use these formulas: - Gross Pay equals Hourly Rate x Hours, - Taxes equals Gross Pay x tax rate, and - Net Pay equals Gross Pay - Taxes. - The tax rate for this situation is 28%. - Consider overtime hours to be paid at a rate of 1.5 times the normal hourly rate (e.g., A normal hourly rate of $6.00 per hour would mean being paid $9.00 per hour of overtime worked)
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