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HELP PLS ASAP
Al gets paid semimonthly. His gross pay for each pay period is $750. He has 18% withheld for taxes and 4% withheld for personal deductions. What is the amount of his annual net pay?
A. $7,200
B. $14,040
C. $15,300
D. $15,600
Please explain your answer THANKS

Respuesta :

He is paid twice a month, so his monthly gross pay is 750*2=1500 dollars
monthly taxes: 18% of 1500= 270
personal deduction: 4% of 1500=60
Subtract the amount of taxes and deduction from monthly gross pay, you get the monthly net pay: 1500-270-60=1170
annual net pay: 1170*12=14040
The answer is B
750 x .18 = 135
750 x .04 - 30
750 - 135 - 30 = 585
585 x 24 payments = 14040.00

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