Figuring gross pay is relatively easy!Gross Pay=Hours x Pay Rate
Oh, and FYI, people on Earth customarily work 40 hours each week. And with that, here you go:
Example: You are paid $8.25/hr. What is 1.5 week's gross pay?
- Find hours: multiply weeks x hours per week.
1.5 weeks x 40 hours per week = 60 hours
- Find Gross Pay: multiply hours x pay rate
60 hours x $8.25/hr=$495
1. If your pay is $10/hr. What's one week's gross pay?
2. What is 2 1/2 weeks' gross pay for someone earning $17.50/hr.?
3. If you're paid $5.75/hr., what's 8.5 weeks' gross pay?
4. If you're paid $8/hr. normally and $12/hr. overtime and work 80 regular hours and 17 on overtime, what will your gross pay be?
Figuring out net pay has a few wrinkles:Net Pay = Gross Pay - Deductions
On Knab and on Earth, deductions like Income Tax Withholding are based on your W-4 form. Deductions like Social Security are the same for everyone. Refer to the following charts for the next problems:
DEDUCTIONS
S.S. = Gross Pay x 3.8%
Income Tax = Gross Pay x (See chart below)
Allowances Income Tax % 0
1
2
3
421
15
12
10
8
Example: Find the net pay for a person who earned $440 with 2 allowances
- Find Deductions: Compute S.S. & Income Tax.
S.S. = Gross Pay x 3.8% = $440 x .038 = $16.72
Income Tax = Gross Pay x 12% = $440 x .12 = $52.80
- Subtract: Compute Gross Pay - S.S. - Income Tax = Net Pay
$440 - $16.72 -$52.80 = $370.48
5. Find the net pay for someone who earned $350 with 0 allowances
6. What's the net pay for someone with 3 allowances earning $500 gross pay?
7. You work 70 hours at $6.75/hr and have 2 allowances. What's your net pay?
8. All right, it's 80 hours at $6/hr. and 16 hours at $9/hr., and you chose 1 allowance. How much will you receive on that check?