Rocco worked 46 hours at his job during the first week of March 2016.He is paid $23.00 per hour and receives overtime at the rate of time-and-a-half for hours worked over 40.Rocco pays income taxes at 15% and 5.65% for superannuation and Medicare.All of his income is taxable.What is Rocco's net pay?

Question

Quizplus · Accepted Answer

Rocco's regular pay for 40 hours is $920 (40 x $23). His overtime pay for 6 hours is $207 (6 x $23 x 1.5). Total gross pay is $1127. After 15% income tax and 5.65% for superannuation and Medicare, net pay is $894.27.

Rocco Worked 46 Hours at His Job During the First