In a week, a man received a paycheck for $300.80. The withholding for taxes was $95.20. If he worked 33 hours in that week, what is his hourly pay rate? His hourly pay rate is 5 Box. (Type an integer or a decimal.)
To determine the man's hourly pay rate, we need to divide his total paycheck (after tax withholding) by the number of hours he worked.
First, we calculate the net paycheck by subtracting the tax withholding amount from the total paycheck:
Net paycheck = Total paycheck - Tax withholding
Net paycheck = $300.80 - $95.20
Net paycheck = $205.60
Next, we divide the net paycheck by the number of hours worked:
Hourly pay rate = Net paycheck / Number of hours worked
Hourly pay rate = $205.60 / 33
Calculating this division gives us the hourly pay rate:
Hourly pay rate ≈ $6.23
Therefore, the man's hourly pay rate is approximately $6.23.
To find the man's hourly pay rate, we need to divide his paycheck amount after taxes by the number of hours he worked.
His paycheck amount after taxes is $300.80 - $95.20 = $205.60.
His hourly pay rate is $205.60 / 33 hours = $6.24.
Therefore, his hourly pay rate is $6.24, which is 5 box.