T. Bailey's regular and overtime pay for the week ending 25 February was $850. Amounts were deducted for: income tax $113.70, union fees $5 and loan repayments of $50. T. Bailey's employer contributes 9.5% of his gross pay to a superannuation fund on his behalf. What is T. Bailey's net take home pay for the week?

Question

Quizplus · Accepted Answer

To calculate T. Bailey's net take home pay, we need to first calculate his gross pay.

Let x be his regular pay and y be his overtime pay. Then we know that:

x + y = 850  (total pay for the week)
0.095x + 0.095y = 0.095(850)  (contribution to superannuation fund)

Simplifying the second equation, we get:

0.095x + 0.095y = 80.75

Adding the two equations, we get:

1.095x + 1.095y = 930.75

Solving for x + y, we get:

x + y = 848.86

Now we can subtract the deductions to find T. Bailey's net take home pay:

Gross pay = x + y = 848.86 
Deductions = 113.70 + 5 + 50 = 168.70 
Net take home pay = Gross pay - Deductions = 680.16

Therefore, the best choice is D, with a net take home pay of $681.30.

T Bailey's Regular and Overtime Pay for the Week Ending