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my gross annual salary is $38,256. Each paycheck, I have 12% withdrawn for federal
taxes, 6.2% withdrawn for Social Security and 1.45% withdrawn for Medicare. There
are no other deductions. How much my monthly paycheck?

Respuesta :

mhanifa

Answer:

  • $2561.56

========================

Given

  • Annual gross salary = $38256,
  • Deductions = 12%, 6.2% and 1.45%.

Solution

Find the monthly gross and subtract all the deductions.

Monthly gross salary is:

  • $38256/12 =
  • $3188

Total deductions:

  • 12% + 6.2% + 1.45% =
  • 19.65%

Monthly paycheck is:

  • $3188 - 19.65% =
  • $3188(100 - 19.65)/100 =
  • $2561.56 (rounded to the nearest cent)
semsee45

Answer:

$2,561.56

Step-by-step explanation:

Income:

  • Gross annual salary = $38,256

Deductions:

  • Federal tax = 12%
  • Social Security = 6.2%
  • Medicare = 1.45%

Total deductions:

⇒ 12% + 6.2% + 1.45% = 19.65%

If 19.65% of the gross salary is deducted, the percentage remaining will be:

⇒ 100% - 19.65% = 80.35%

Find 80.35% of the gross annual salary:

⇒ 80.35% of $38,256

⇒ 0.8035 × 38256

⇒ 30738.696

Divide this by 12 to find the value of the monthly pay check:

⇒ 30738.696 ÷ 12 = 2561.558

Therefore, the monthly pay check is $2,561.56 (nearest cent).

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