thomas martin receives an hourly wage rate of $16, with time-and-a-half pay for all hours worked in excess of 40 hours during a week. payroll data for the current week are as follows: hours worked, 47; federal income tax withheld, $306; social security tax rate, 6.0%; and medicare tax rate, 1.5%. what is the gross pay for martin? round your answer to the nearest whole dollar. a.$808 b.$1,128 c.$752 d.$1,504

Respuesta :

The total amount an employee receives before taxes and other deductions is known as their gross pay. In this case, the gross pay for martin will be $808. So the correct option is A.

The business keeps track of its payroll-related expenses, including salaries and wages that are payable if not immediately paid. The sum represents the entire gross pay of all firm employees.

The total compensation that Thomas Martin received for his 47 hours of work each week is known as his gross pay. The pay for the usual 40 hours is $16, while the rate for overtime is $24, which is one and a half hours of the hourly rate.

Martin's regular and overtime salary should be added to get his total compensation.

Gross pay is calculated as follows:

Gross pay = Regular pay + Overtime pay

= (40 hours x $16) + (7 hours x $24)

= $ 640 + $168

= $ 808

Therefore, Martin has a gross pay of $808.

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