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The San Bernardino County Fair hires about 150 people during fair time. Their hourly wages range from $6.75 to $8.00. California has a state income
The San Bernardino County Fair hires about 150 people during fair time. Their hourly wages range from $6.75 to $8.00. California has a state income tax of 9%. Sandy Denny earns $8.00 per hour; George Barney earns $6.75 per hour (assume this is the current minimum wage). They both worked 35 hours this week. Both are married; however, Sandy claims 2 exemptions and George claims 1 exemption. Assume a rate of 6.2% on $128,400 for Social Security and 1.45% for Medicare. (a) What is Sandys net pay after FIT (use the tables in the text), Social Security tax, state income tax, and Medicare have been taken out? (b) What is Georges net pay after the same deductions? (c) How much more is Sandys net pay versus Georges net pay? Round to the nearest cent. |
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