Question

Andrew Joyce knows his monthly net pay is $5,733.63. His only deductions are FIT of $1,197.00, SIT of 3.5% of gross, CIT of 2.0% of gross, FICA, and Medicare. Find Andrew's monthly gross pay

Answer 1

Andrew's monthly gross pay before deductions is;

Gross Pay monthly = $7334.01

• Gross pay is the amount received before any deductions while net pay is the amount received after deductions.

Her net pay is given as;

Net pay = $5,733.63

• The deductions from the gross pay are;

$1,197.00

3.5% of gross,

2.0% of gross

• If the gross pay is x, then;

Total deductions are;

1197 + 0.035x + 0.02x

• Thus, if net pay is $5,733.63 as earlier stated, then;

x = 5733.63 + 1197 + 0.035x + 0.02x

Rearrange to get;

x - 0.055x = 6930.63

0.945x = 6930.64

x = 6930.64/0.945

x = $7334.01

His gross pay = $7334.01

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