Janna is a salaried nonexempt employee in Laramie, Wyoming, who earns $30,000 per year for a standard 40-hour workweek and is paid biweekly. She is single with one withholding allowance. During the last pay period, she worked 5 hours of overtime. She contributes 3% of her gross pay to her 401(k) on a pre-tax basis and has a garnishment of 10% of her disposable income for a consumer credit garnishment. What is her net pay? (Use the wage-bracket method. Do not round interim calculations, only round final answer to two decimal points.)
A) $998.90
B) $913.90
C) $894.07
D) $886.96

Question

Janna is a salaried nonexempt employee in Laramie, Wyoming, who earns $30,000 per year for a standard 40-hour workweek and is paid biweekly. She is single with one withholding allowance. During the last pay period, she worked 5 hours of overtime. She contributes 3% of her gross pay to her 401(k) on a pre-tax basis and has a garnishment of 10% of her disposable income for a consumer credit garnishment. What is her net pay? (Use the wage-bracket method. Do not round interim calculations, only round final answer to two decimal points.) 
A) $998.90 
B) $913.90 
C) $894.07 
D) $886.96

Quizplus · Accepted Answer

First, let's find Janna's regular hourly rate: 
$30,000 per year / 52 weeks per year / 40 hours per week = $14.42 per hour

Next, let's calculate Janna's gross pay for the last pay period: 
Regular pay = 80 (hours in pay period) x $14.42 = $1,153.60 
Overtime pay = 5 (overtime hours) x $21.63 ($14.42 x 1.5) = $108.15 
Total gross pay = $1,261.75

Now, let's calculate Janna's deductions: 
401(k) contribution = $1,261.75 x 3% = $37.85 
Consumer credit garnishment = ($1,261.75 - $37.85) x 10% = $122.91 
Total deductions = $37.85 + $122.91 = $160.76

Finally, let's calculate Janna's net pay: 
$1,261.75 (total gross pay) - $160.76 (total deductions) = $1,100.99 
$1,100.99 (net pay) / 2 (pay periods per month) = $550.495 
Rounded to two decimal points, Janna's net pay for this pay period is $894.07.

Janna Is a Salaried Nonexempt Employee in Laramie, Wyoming, Who