1. how much money does mark earn every hour of work? 2. what is the time period of this pay stub? 3. what…

1. how much money does mark earn every hour of work? 2. what is the time period of this pay stub? 3. what are the total deductions from this pay stub? 4. what is marks net money every month? pay period: march 1, 2021 - march 15, 2021 facebook regular rate $60,000 hours 16 total: $960,000 this period deductions federal tax state tax $69,230 $61,539 total: $130,769

1. how much money does mark earn every hour of work? 2. what is the time period of this pay stub? 3. what are the total deductions from this pay stub? 4. what is marks net money every month? pay period: march 1, 2021 - march 15, 2021 facebook regular rate $60,000 hours 16 total: $960,000 this period deductions federal tax state tax $69,230 $61,539 total: $130,769

Answer

Explanation:

Step1: Calculate hourly - wage

The total pay for the period is $960,000 and the total hours worked is 16. To find the hourly wage, divide the total pay by the total hours. $Hourly\ wage=\frac{960000}{16}=60000$

Step2: Calculate total deductions

The state tax is $61,539 and the federal tax is $69,230. The total deductions are the sum of state and federal taxes. $Total\ deductions = 61539 + 69230=130769$

Step3: Calculate net pay

The total pay for the period is $960,000 and the total deductions are $130,769. Net pay is the total pay minus total deductions. $Net\ pay=960000 - 130769 = 829231$

Step4: Identify pay - period

The pay period is from March 1, 2021 - March 15, 2021.

Answer:

  1. $60,000
  2. March 1, 2021 - March 15, 2021
  3. $130,769
  4. $829,231