Ask your own question, for FREE!
Mathematics 9 Online
b1az34:

The pay rate and hours worked are given below. Use this information to determine the following. Make sure to include decimals and appropriate zeros. the gross pay federal tax (assuming 20% of gross earnings) state tax (assuming 6% of gross earnings) social security deductions (assuming 7.05% of gross earnings) group health insurance (assuming 13% of gross earnings) pension deduction (assuming 6.5% of gross earnings) total deductions net pay Earnings Description Rate Hours Current Regular 9.00 39.0 351.00

b1az34:

KyledaGreat:

The net pay of the individual after having deducted total deductions is $166.54 How do we determine the amount of each deduction? The amount of each deduction is based on the gross pay of $351.00, as a result, we simply multiply the percentage of deduction by the gross pay to determine the dollar amount of each deduction. the gross pay=$351 federal tax (assuming 20% of gross earnings)=$351*20%=$70.20 state tax (assuming 6% of gross earnings)=$351*6%=$21.06 social security deductions (assuming 7.05% of gross earnings)=$351*7.05%=$24.75 group health insurance (assuming 13% of gross earnings)=$351*13%=$45.63 pension deduction (assuming 6.5% of gross earnings)=$351*6.5%=$22.82 total deductions=$70.20+$21.06+$24.75+$45.63+$22.82 total deductions=$184.46 net pay=$351-$184.46 net pay=$166.54

Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!
Latest Questions
Arriyanalol: i need help
3 days ago 7 Replies 1 Medal
Arriyanalol: CONGRATS to me
3 days ago 8 Replies 2 Medals
Legomaster346: What colleges are good that are near Arab Alabama?
1 week ago 5 Replies 0 Medals
Arriyanalol: i need help
1 week ago 6 Replies 2 Medals
Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!