Question

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1. The local hospital offers an incentive for nurses to work longer shifts. After a regular 8-hour shift, they can make double time on the remainder of their shift. That is, they make twice their salary for each hour they work over 8 hours. Nurse Jane works 12 hour shifts Monday through Friday. Her weekly gross income is $2136.00 , what is her base salary?
2. Daniel is a very good television salesperson. His annual sales average at $187,400. His commission on sales is 30% and his annual base salary is $40,000. On average what is his annual gross income?
3. Say the following are deductions on a typical income,
   1. Pension deductions are 5% (assume there is no maximum)
   2. Employment Insurance deductions are 2.4% (assume there is no maximum)
   3. And Income Tax deductions are as follows
      1. For annual salaries, on the first $11,000, no income tax is paid,
      2. On the first $11,000 to $25,000,  8% of the gross income is deducted,
      3. On the first $25,000 to $50,000,  12% of the gross income is deducted,
      4. On the first $50,000 to $100,000, 15% of the gross income is deducted,
      5. And on the rest of the income, 20% of that gross income is deducted.

4. Henry makes an annual gross salary of $70,000, what is his net salary?

5. Sarah serves at a restaurant and makes 20% of what she sells as tips. Her base salary is $10.20 an hour. Each hour she sells an average of $60 of food and drinks. She also makes time and a half when she works over 8 hours during a single shift. Her work week contains three 10-hour shifts, one 5-hour shift, and one 11-hour shift. Using the same income deductions as stated in the previous question, what is Sarah’s annual gross income and annual net income.

Answer 1

Providing solution for 2 questions, for the rest of the question raise another request please.

	Regular	Overtime
Equation formation	xh	2xh
Hours worked	40	20	60
Equation	40x	20(2x)	80x=40x+40x
Computation of base salary of nurse Jane
Total weekly salary	$      2,136.00
base salary (x)	$            26.70

Annual sales of Daniel	187,400
Commission (30%)	56,220
Annual base salary	480,000
Pension deduction (5%)	(24,000)
Employement insurance (2.4%)	(11,520.0)
Total compensation	500,700
Computation of income tax
no tax - 11000	-
11001 to 25000 - 8%	1,120
25001 to 50000 - 12%	3,000
50001 to 100000 - 15%	7,500
0ver 100001 - 20%	80,140
Total tax	91,760