An Automotive Mechanic Earns $12

question 236

Short Answer

An automotive mechanic earns $12.60 an hour with time-and-a-half for any time over 40 hours a week. One week he works 46 hours. What is his gross pay?

Recognize the influence of currency fluctuations on consumer purchasing power and marketing strategies.

Identify the global economic factors affecting marketing strategies and operations.

Describe the role and functions of international and regional trade agreements.

Understand how income distribution affects market targeting and segmentation strategies.

---

Definitions:

Form 1040

The official form provided by the Internal Revenue Service (IRS) that people use to submit their yearly income tax returns.

Wage Bracket Method

A technique used by employers to determine the amount of federal income tax to withhold from employees' paychecks based on their earnings and filing status.

Withholding Allowances

Allowances claimed on employment forms determining the amount of federal income tax withheld from a paycheck.

Federal Withholding

The portion of an employee's wages that is withheld by the employer for the purpose of paying federal income taxes.