Todd earns an hourly rate of $20 and had taxes, CPP, and EI withheld totaling $200. What would his net earnings be if he worked 46 hours (assuming double time over 40 hours)?
A) $840
B) $780
C) $720
D) $860

Question

Quizplus · Accepted Answer

Todd earns $20 per hour for the first 40 hours, totaling $800. For the 6 hours of overtime at double time, he earns $20 * 2 * 6 = $240. So, before deductions, he earns $800 + $240 = $1040. After $200 in deductions, his net earnings are $1040 - $200 = $840.

Todd Earns an Hourly Rate of $20 and Had Taxes