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Bomani's first job is a bagger at Publix where he makes $13.75 per hour. He worked 15 hours this week.

A.) What would his gross pay be?
B) Publix witholds 10% of his pay for federal taxes and 5.65% for FICA taxes. Which of the following would be closest to the net pay he receives?

1 answer

To calculate Bomani's gross pay and net pay, follow these steps:

A.) Gross Pay

  1. Hourly Wage: $13.75 per hour
  2. Hours Worked: 15 hours

Gross Pay Calculation: \[ \text{Gross Pay} = \text{Hourly Wage} \times \text{Hours Worked} = 13.75 \times 15 = 206.25 \]

So, Bomani's gross pay for the week would be $206.25.

B.) Net Pay Calculation

  1. Federal Tax Withholding (10%): \[ \text{Federal Tax} = 10% \text{ of Gross Pay} = 0.10 \times 206.25 = 20.625 \]

  2. FICA Tax Withholding (5.65%): \[ \text{FICA Tax} = 5.65% \text{ of Gross Pay} = 0.0565 \times 206.25 = 11.68 \]

  3. Total Taxes Withheld: \[ \text{Total Taxes} = \text{Federal Tax} + \text{FICA Tax} = 20.625 + 11.68 = 32.305 \]

  4. Net Pay Calculation: \[ \text{Net Pay} = \text{Gross Pay} - \text{Total Taxes} = 206.25 - 32.305 = 173.945 \]

Rounding this amount to the nearest cent would give Bomani's net pay as approximately $173.95.

Summary:

  • A.) Gross Pay: $206.25
  • B.) Net Pay: $173.95