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.
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OpenStudy (phagey):
@sdfgsdfgs
OpenStudy (sdfgsdfgs):
Gross pay - deductions = net pay
OpenStudy (phagey):
so just subtract all those numbers from $3,040 @sdfgsdfgs
OpenStudy (sdfgsdfgs):
correct!
OpenStudy (phagey):
ok so the answer is $2,042.69?
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OpenStudy (sdfgsdfgs):
err...try again plz?
OpenStudy (phagey):
at the end it says round the percentage to the nearest 10th so what will the answer be?
OpenStudy (sdfgsdfgs):
find the net pay 1st plz
OpenStudy (phagey):
i thought the net pay was $2,042
OpenStudy (phagey):
@sdfgsdfgs
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OpenStudy (sdfgsdfgs):
it is slightly off...try again plz
OpenStudy (phagey):
$994.27?
OpenStudy (phagey):
i keep getting 2 different answers so idk
OpenStudy (sdfgsdfgs):
sorry @phagey how did u get THAT? it was way off...
do u have a calculator? try enter the numbers carefully
OpenStudy (phagey):
1,696.68?
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OpenStudy (sdfgsdfgs):
go back to when u calculated "ok so the answer is $2,042.69?" it was very close
OpenStudy (phagey):
2,043.32?
OpenStudy (sdfgsdfgs):
YEAH :)
now what is net/gross?
OpenStudy (phagey):
how do i find the net/gross?
OpenStudy (sdfgsdfgs):
nevermind - do this instead: add all deductions together
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OpenStudy (phagey):
996.68 @sdfgsdfgs
OpenStudy (sdfgsdfgs):
correct :)
What is deductions divided by gross pay?
OpenStudy (phagey):
$3.050?
OpenStudy (sdfgsdfgs):
3040 is the total pay...divide the total deductions u just calculated by total pay...
OpenStudy (phagey):
i did i got $3.050
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OpenStudy (sdfgsdfgs):
total deduction = $994.27
OpenStudy (sdfgsdfgs):
gross pay = $3040
OpenStudy (phagey):
$3.057?
OpenStudy (sdfgsdfgs):
do u know how to divide @phagey ? like $994.27 divided by $3040
OpenStudy (phagey):
$0.327
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OpenStudy (sdfgsdfgs):
no $ cuz' it got canceled out
now multiply that by 100%
OpenStudy (phagey):
32.7
OpenStudy (sdfgsdfgs):
very close...after the divide u should get 0.3278
so after multiply by 100%
u get 32.78%
round to 32.8%
which is ur ans
OpenStudy (phagey):
32.8? is my finale answer
OpenStudy (sdfgsdfgs):
dont forget the %!!!
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