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Martin Jackson receives an hourly wage rate of $25, with time-and-a-half pay for all hours worked in excess of 40 hours during a week. Payroll
Martin Jackson receives an hourly wage rate of $25, with time-and-a-half pay for all hours worked in excess of 40 hours during a week. Payroll data for the current week are as follows: hours worked, 47; federal income tax withheld, $235; social security tax rate, 6.0%; and Medicare tax rate, 1.5%. What is the net amount to be paid to Jackson, rounded to the nearest cent?
a.$1,262.50
b.$932.81
c.$1,667.81
d.$2,020.31
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