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jpascua
Posts: 197
Posted 08:27 Oct 15, 2012 |

Okay, so the problem is: 


 

a. Basic pay rate = $12/hr

b. Overtime (in excess of 40 hours) pay rate = $18/hr

c. Tax rate:  16% of the first $300

                   22% of the next $150

                   30% of the rest

 

Are we supposed to deduct 16% of every $300 they have? If $150 is still subtractable, deduct 22% from each? And anything below $150 gets deducted 30%? Then add the total? Please tell me if I'm not understanding this assignment. Thanks.

Last edited by jpascua at 08:27 Oct 15, 2012.
hpguo
Posts: 139
Posted 11:58 Oct 15, 2012 |

No. only deduct 16% of the FIRST $300.

jpascua
Posts: 197
Posted 15:19 Oct 15, 2012 |

Thank you.

jpascua
Posts: 197
Posted 21:06 Oct 15, 2012 |

I have another question in regards to the same homework. Would you like us to display the taxes in dollars deducted or in % deducted?

jpascua
Posts: 197
Posted 22:16 Oct 15, 2012 |

Also, if the gross pay is less than $150, do they still get taxed 30%?

hpguo
Posts: 139
Posted 11:44 Oct 16, 2012 |
jpascua wrote:

I have another question in regards to the same homework. Would you like us to display the taxes in dollars deducted or in % deducted?

 

 

in dollars.

hpguo
Posts: 139
Posted 11:45 Oct 16, 2012 |
jpascua wrote:

Also, if the gross pay is less than $150, do they still get taxed 30%?

 

16%