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Your biweekly gross pay is $3,040 and the following deductions are taken from your biweekly gross pay: federal tax: $700; state tax: $91.18; Social Security: $152; health plan: $45; life insurance: $8.50. Calculate your biweekly net pay. Calculate the percentage of deductions that are taken out of your gross pay. Round the percentage to the nearest tenth. Please show all work.

Respuesta :

bcalle
Deductions: 700. + 91.18 + 152.+ 45.+ 8.50 = 996.68
Net pay = gross pay - deductions
Net pay:  3040.00-996.68 = 2043.32

Percentage of deductions:
996.68/3040.00 * 100 = 32.8%

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