nina1390
19.02.2020 •
Mathematics
Bill is paid bi-weekly and has a gross pay of $1500 for each pay period. He pays Social Security at a rate of 6.2%, Medicare at a rate of 1.45%, and pays combined taxes of 16.2%. What will be his net paycheck be if those are the only deductions?
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Ответ:
$1142.25
Step-by-step explanation:
Step 1 :
Gross pay per week = $1500
Social security deducted = 6.2% = $93
Medicare deducted = 1.45% = $21.75
Deductions for combined taxes = 16.2% = $243
Hence total deductions made from the gross salary is 93+21.75+ 243 = $357.75
Step 2 :
We need to find his net pay checks if the above are the only deductions made.
This can be obtained by deducting the total deductions from the gross pay.
Net pay = 1500 - 357.75 = $1142.25
Ответ:
$1,597.23
Step-by-step explanation: