Alex started working for El Paso Electric. For his first year with the company he will be paid $25.50 per hour 40 hours per week for 52 weeks. He is also projected to have 250 hours of overtime at time
and a half.
Calculate Alex's projected gross earnings for the first year if deductions include income tax for a
single wage earner, social security at 6.2%, Medicare at 1.45%, retirement fund at 5%, and health
insurance deduction of $175.
Calculate the amount of take-home pay Alex can expect each month: