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required: please answer this question by calculating the gross pay and net pay .

required: please answer this question by calculating the gross pay and net pay .

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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required: please answer this question by calculating the gross pay and net pay .
Question 3 Gross & Net Pay Tina Walker is a shop assistant at a local grocery store eaming $6 per hour. She receives ½ times her regular pay rate for any hours worked over 8 hours on a weekday, twice her regular pay rate for any hours worked on the weekend, and three times her regular rate for holidays. Tina's hours for the past week were: M 6 T 9 W 8 T 8 F 6 Required: Calculate Tina's gross pay and net pay for the week. S 3 S 0 Monday was a public holiday. She has authorised her employer to deduct $10 a week for health insurance premiums and $2 a week as a contribution to World Vision. She also contributes 8% of her gross to a superannuation fund. Assume she will pay $133.10, tax on her income on yearly basis.
Transcribed Image Text:Question 3 Gross & Net Pay Tina Walker is a shop assistant at a local grocery store eaming $6 per hour. She receives ½ times her regular pay rate for any hours worked over 8 hours on a weekday, twice her regular pay rate for any hours worked on the weekend, and three times her regular rate for holidays. Tina's hours for the past week were: M 6 T 9 W 8 T 8 F 6 Required: Calculate Tina's gross pay and net pay for the week. S 3 S 0 Monday was a public holiday. She has authorised her employer to deduct $10 a week for health insurance premiums and $2 a week as a contribution to World Vision. She also contributes 8% of her gross to a superannuation fund. Assume she will pay $133.10, tax on her income on yearly basis.
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