Suzanne works in a garment factory and is paid a basic rate of $19.26 for each hour worked between 7am and 4:30 pm, excluding lunch hour, Monday to Friday. However, she paid at time and a half for overtime worked from Monday to Friday and at double time for overtime worked during the weekends. She is taxed at the rate of 10 cent in each dollar and pays 7.5% of her weekly pay for NPF contribution plus superannuation at 3.25% of her basic weekly wage. Use the information given in her time sheet to answer the following questions. Days: Monday, 7am clock in 6pm clock out Tuesday, 7am clock in 6:30pm clock out. Wednesday,7am clock in 5:30pm clock out. Thursday,7am clock in 7pm clock out Friday, 7am clock in 5pm clock out. Saturday,7:30am clock in 4:30pm clock out. Sunday,8am clock in 4pm clock out 1. Calculate her basic weekly pay. 2. Calculate her overtime pay. 3. Determine her gross wage for that week. 4. Workout her total deductions. 5. Calculate her net wage for the week

CONCEPTS IN FED.TAX.,2020-W/ACCESS
20th Edition
ISBN:9780357110362
Author:Murphy
Publisher:Murphy
Chapter4: Income Exclusions
Section: Chapter Questions
Problem 52P
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Suzanne works in a garment factory and is paid a basic rate of $19.26 for each hour worked between 7am and 4:30 pm, excluding lunch hour, Monday to Friday. However, she paid at time and a half for overtime worked from Monday to Friday and at double time for overtime worked during the weekends. She is taxed at the rate of 10 cent in each dollar and pays 7.5% of her weekly pay for NPF contribution plus superannuation at 3.25% of her basic weekly wage. Use the information given in her time sheet to answer the following questions. Days: Monday, 7am clock in 6pm clock out Tuesday, 7am clock in 6:30pm clock out. Wednesday,7am clock in 5:30pm clock out. Thursday,7am clock in 7pm clock out Friday, 7am clock in 5pm clock out. Saturday,7:30am clock in 4:30pm clock out. Sunday,8am clock in 4pm clock out 1. Calculate her basic weekly pay. 2. Calculate her overtime pay. 3. Determine her gross wage for that week. 4. Workout her total deductions. 5. Calculate her net wage for the week.
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