Yves worked 47 hours for $8 an hour and time-and-a-half for overtime.
If he had 24% of his gross earnings withheld for deductions, what was
the net amount of his paycheck for the week?
a. $320
b. $404
c. $307.04
d. $96.96
First, we need to calculate Yves' total earnings for the week. He worked 47 hours, which includes some overtime. His regular pay rate is $8/hour, and he gets time-and-a-half for overtime, which means he earns $12/hour for each overtime hour. To calculate his total earnings:
Regular hours worked = 40
Overtime hours worked = 47 - 40 = 7
Regular pay = 40 hours x $8/hour = $320
Overtime pay = 7 hours x $12/hour = $84
Total earnings before deductions = $320 + $84 = $404
Now we need to calculate the amount withheld for deductions. Yves has 24% of his gross earnings withheld, so:
Deductions = 24% x $404 = $96.96
Finally, we can calculate Yves' net pay by subtracting the deductions from his gross earnings:
Net pay = $404 - $96.96 = $307.04
Therefore, the answer is (c) $307.04.