Goran's annual salary is $63,000. a total of $15,438.12 will be deducted for taxes and health insurance. he will receive his paycheck monthly in 12 equal installments. how much will he get paid with each paycheck?

Respuesta :

Goran's monthly salary would be $3963.49

In this problem, the Annual salary or his Gross Salary is $63,000 and annual deductions for his salary which includes taxes & health insurance is $15,438.12 annually. The formula to calculate the Net salary is :

                 => Net Salary = Gross Salary - Deductions

By the formula mentioned above, we can calculate Goran's Net salary which he gets Annually. Here, Gross = $63,000, Deductions = $15,438.12 :

                 => Net = 63,000 - 15438.12   => Net Salary = 47,561.88

Goran gets a Net Salary of $47,561.88, Now we have to calculate the equal amount of paychecks he will receive monthly for 12 months.

Monthly Paycheck = Net/12   => 47561.88/12  =>  $3963.49

Hence, Goran's monthly paycheck will be $3963.49

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