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Skip Ownby earns $80,000 per year. The deductions from his weekly
paycheck are:FIT of $247.48, SIT of $68.22, medical insurance of $98.00,
Social Security, and Medicare. What is Skip's net pay for a week? Write
answer as $#.###.##*

Respuesta :

Samawati

Answer:

$1,007.07  

Explanation:

Skip's annual income is $80,000.00

Weekly earning will be $80,000 divide by 52

=$80,000/52

=$1,538.46

Weekly deductions

Social security = 6.2% x $1,538.46= $95.38

Medicare= 1.45% x 1,538.46 =$22.31

FIT =$247.48,

SIT =$68.22,

Medical insurance =$98.00

Total deductions =($95 .38 + $22.31 + $247.48+$68.22+98.00)

=$531.39

Net pay will be $1,538.46 - $531.39

=    $1007.07  

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