In a week, a man received a paycheck for $299.70. The withholding for taxes was $96.30 . If he worked 33hours in that week what is his hourly pay rate? His hourly pay rate is $. (Type an integer or a decimal.)
To find the hourly pay rate, we can divide the total paycheck amount ($299.70) by the number of hours worked (33).
Hourly pay rate = Total paycheck amount / Number of hours worked
Hourly pay rate = $299.70 / 33
Calculating this value gives us:
Hourly pay rate = $9.08 (rounded to two decimal places)
Therefore, his hourly pay rate is $9.08.
To find the man's hourly pay rate, we need to divide his paycheck amount (after taxes) by the number of hours he worked in that week.
Step 1: Calculate the paycheck amount after taxes.
Paycheck amount after taxes = Total paycheck - Withholding for taxes
Paycheck amount after taxes = $299.70 - $96.30
Paycheck amount after taxes = $203.40
Step 2: Divide the paycheck amount after taxes by the number of hours worked.
Hourly pay rate = Paycheck amount after taxes / Number of hours worked
Hourly pay rate = $203.40 / 33 hours
Calculating the above division gives us:
Hourly pay rate = $6.16 (rounded to two decimal places)
Therefore, the man's hourly pay rate is $6.16.