Q:

. Ms. Franco earned $709.54 in net pay for working 25 hours. She paid $87.45 in federal and state taxes, and $38.45 in FICA taxes. What was her hourly wage? (Points : 1) $23.35 $28.38 $32.42 $33.42,

Accepted Solution

A:
If Ms. Franco earned $709.54 in net pay, then we add back in the federal and state taxes, as well as FICA taxes to yield her gross pay. So, 709.54+87.45+38.45 = 835.44 Now, dividing that by 25, we yield her gross hourly rate; 835.44/25 = 33.4176 or $33.42 per hour. Therefore, the correct answer is the last option, $33.42 per hour in gross wages.