How To Calculate The Net Pay For My Employees With Their Overtimes?

I found this qestion in the qestion booklet of the Pacific Senior School Certificate in the year 2004. Here is the real qestion;
(Normal working hours are 35 hours a week. All overtime hours in excess of 35 hours a week shall be paid at one and a half times the normal rate. G. Watisoni ( an employee ) works for 50 hours in that week and his hourly rate is $12.00. He also has some dedutions such as $76. for the income tax, health insurance $10.50 and union fees $4.) Requirement is to calculate the his gross pay and his net pay as well. Also this qestion is taken from the topic as PAYROLL ACCONTS. I have spent many times to find the correct answer but could not find it.So please give me your hand to find it and I will be very thankful for your support.


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4 Responses to “How To Calculate The Net Pay For My Employees With Their Overtimes?”

  1. Gross pay: $12 x 35 hours plus $18 x 15 hours
    Deductions –
    fixed: $10.50 + $4
    variable: $76 for the 35 hours is about 18.1%, so an additional $48.85 or so for tax on the overtime pay.
    Subtract deductions from gross pay and you get the net pay.

  2. Gross pay in this case would be (35 hrs x $12/hr) + (15 hrs x $12/hr x 1.5) = $690.
    Net pay is gross pay less all deductions, in this case $690.00 – $76 – $10.50 – $4.00 = $599.50

  3. (35 x $12) + (15 x $18) = gross pay.
    Net pay = gross pay minus deductions
    Deductions being $76 + $10.50 + $4

  4. 50 – 35 = 15
    15 x 18.00 plus 35 x 12 = 690.00 gross
    (deductions)
    76 + 10.50 + 4. = 90.50
    690.00 – 90.50 = 599.50 net

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