
Anonymous A. answered 01/25/24
Certified ONLINE accounting and business teacher $30/hr
Duane McCoy's job pays him 11.25 per hour for a 40 hour week. He estimates his fringe benefits to be 29% of his yearly wages. His yearly job expenses are estimated to the dues. $375 uniforms, $580 computing costs, $602 uniforms,and $934 yearly wages
$11.25/hour x 40 hours per week = $450 per week x 52 weeks = $23,400.00 x 29% = $6,786 per year
OR $450 per week x 29% = $130.50 per week
Deductions:
Uniforms - 375.00 per year / 52 weeks = 7.21 per week
Computing Costs - 580.00 per year / 52 weeks = 11.15 per week
Uniforms - 602.00 per year / 52 weeks = 11.58 per week
Miscellaneous Deduction - 934.00 per year / 52 weeks = 17.96 per week
TOTAL DEDUCTIONS (7.21 + 11.15 + 11.58 + 17.96) .......................................... $47.90 PER WEEK
$47.90 / $450 = .106 or 10.6%