Todd earns an hourly rate of $30 and had taxes withheld totaling $240. What would his net earnings be if he worked 42 hours (assuming double time over 40 hours)?
A) $1,080
B) $1,320
C) $1,020
D) $1,050

Question

Quizplus · Accepted Answer

Todd's gross earnings for the first 40 hours are $30 x 40 = $1,200. For the 2 hours of overtime, he earns $30 x 2 x 2 = $120. His total gross earnings are $1,200 + $120 = $1,320. After taxes of $240, his net earnings are $1,320 - $240 = $1,080.

Todd Earns an Hourly Rate of $30 and Had Taxes