Question

Laura Russo lost her earnings statement from Siler's Lawn and Garden. She recalls paying $43.00 in federal income taxes and knows she deposited $306.36 in her checking account. Each week she had deductions for Social Security and Medicare taxes: $22.35 for medical insurance; 1.5% state tax; 1.5% local tax; and $25.00 for the credit union. What is her gross weekly pay?

Answer 1

306.36+ 43 = 349.36 <--- federal income tax

349.36 + 22.35 = 371.71 <--- medical insurance

371.71 + 25 = 396.71 <--- credit union

396.71 increased by 1.5% is 396.71 * (1.015) = 402.66 <--- state tax

402.66 increased by 1.5% is 402.66 * (1.015)= 409.13 <-- local tax.

There may be 1 penny round-off error

Answer 2

so would 409.13 be the gross?

Answer 3

Iiiiii think so...

Answer 4

https://www.wyzant.com/resources/answers/154109/someone_good_at_business_math_questions_please_help_i_am_so_stuck here

Answer 5

okay thanks

Answer 6

Welcome, close post when ready