John works from 7am to 4pm 5 days a week, he does not receive overtime He gets an hour unpaid lunch During the year john gets paid for : 10 holiday days, 10 sick days, 14 vacation days, 5 personal days John is paid $20 an hour Johns weekly federal income tax deduction is $65, social security tax is .062 of his gross wage, medicare tax is .008 of his gross pay, and state tax is $25 per week What would John's gross and net pay be for the year ending December 31st, 2021?
John works from 7am to 4pm 5 days a week, he does not receive overtime He gets an hour unpaid lunch During the year john gets paid for : 10 holiday days, 10 sick days, 14 vacation days, 5 personal days John is paid $20 an hour Johns weekly federal income tax deduction is $65, social security tax is .062 of his gross wage, medicare tax is .008 of his gross pay, and state tax is $25 per week What would John's gross and net pay be for the year ending December 31st, 2021?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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John works from 7am to 4pm 5 days a week, he does not receive overtime
He gets an hour unpaid lunch
During the year john gets paid for : 10 holiday days, 10 sick days, 14 vacation days, 5 personal days
John is paid $20 an hour
Johns weekly federal income tax deduction is $65,
social security tax is .062 of his gross wage,
medicare tax is .008 of his gross pay,
and state tax is $25 per week
What would John's gross and net pay be for the year ending December 31st, 2021?
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