Sue works 46 hours at her job during the week. She is paid $13.30 per hour and receives overtime at the rate of time- and- a- half for hours worked over forty. Sue has an income tax rate of 15% and pays a superannuation contribution of $100. All of her income is taxable. What is Sue's net pay?

Question

Quizplus · Accepted Answer

Sue's regular pay for 40 hours is 40 * $13.30 = $532. Her overtime pay for 6 hours is 6 * ($13.30 * 1.5) = $119.70. Total gross pay is $532 + $119.70 = $651.70. After 15% tax: $651.70 * 0.85 = $554.945. Subtracting the $100 superannuation: $554.945 - $100 = $454.945, rounded to $453.95.

Sue Works 46 Hours at Her Job During the Week