Jesse Is a Part-Time Nonexempt Employee in Austin, Texas, Who

question 51

Multiple Choice

Jesse is a part-time nonexempt employee in Austin, Texas, who earns $12.50 per hour. During the last biweekly pay period he worked 35 hours. He is married with zero withholding allowances, which means his federal income tax deduction is $21.00, and has additional federal tax withholding of $30 per pay period.
What is his net pay? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

• A) $354.28
• B) $374.03
• C) $378.03
• D) $353.03

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Definitions:

Income Distribution

The way in which total income is shared among the population or different groups within society.

Substitute Factor

A factor or input that can be used in place of another to produce a good or service.

Factor Production

Refers to the inputs or resources used in the process of producing goods and services, including land, labor, capital, and entrepreneurship.

Labor Demand Curve

A graphical depiction of the relationship between the quantity of labor that employers wish to hire and the wage rate, assuming other factors are constant.