Ginny Jones receives $624 gross salary biweekly. Her income tax rate is 14%. Her group health plan contribution is $4.25 per pay period. She belongs to the company retirement plan, to which she contributes 6% of her earnings. She is also covered under Social Security benefits. Her current contribution is 6.05%.

If these items are all her deductions, what is her take-home pay per period? $

Ginny gets a $35 raise per pay period. If her health plan is unchanged, how much of the raise will she have to take home? $

Question

Ginny Jones receives $624 gross salary biweekly. Her income tax rate is 14%. Her group health plan contribution is $4.25 per pay period. She belongs to the company retirement plan, to which she contributes 6% of her earnings. She is also covered under Social Security benefits. Her current contribution is 6.05%.

If these items are all her deductions, what is her take-home pay per period? $

Ginny gets a $35 raise per pay period. If her health plan is unchanged, how much of the raise will she have to take home? $

anonymous · Answer

Just looking for a little help. really just asking for the formula

danjs · Answer

gross pay of 624, need to subtract all those things to get the take home

- 14% of 624
-4.25
-6% of 624
-6.05% of 624

danjs · Answer

so take off a total of 
26.05% of 624,  and 4.25

from the gross earnings 625

ibrafacts · Answer

nce best response to you dan

anonymous · Answer

457.94 so this would be the bottom one?

anonymous · Answer

thank you Dan! you get a medal!

danjs · Answer

welcome