Aaron earns $24
00 per hour with time-and-a-half for hours in excess of 40 per week. He worked 50 hours at his job during the first week of March 2017. Aaron pays income taxes at 15% and 7.65% for OASDI and Medicare. All of his income is taxable under FICA. Determine Aaron's net pay for the week.
A) $1,122.00
B) $1,021.02
C) $835.80
D) $799.80
B .Gross Pay $1,320.00
Straight Time Pay (40 x $24.00 ) 960.00
Overtime pay (10 x $24.00 x 1.5 ) 360.00
Less Federal Income tax (15% x $1,320.00 198.00
OASDI and Medicare (7.65% x $1,320.00 ) 100.98
298.98
Net Pay $1,021.02
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A) weighting B) variable respecification C) scale transformation D) standardization
This occurs in the analyze step
Indicate whether the statement is true or false.