I need help with these questions because they're stressing me out, and I need to show work
3. You earn a salary of $78,460/yr. as a NYC School Teacher. You get paid Bi-Weekly. All 5 Taxes are Deducted from the Gross Pay as in #2 above. Health insurance cost $9,840/yr. and the City pays 30% of the cost. The balance is deducted Bi-Weekly. Your Retirement Plan requires a 4% Deduction and Union Dues are $1,690/yr. Deducted Bi-Weekly. Find your Bi-Weekly Net Pay after all 5 Taxes and the other Deductions are Subtracted...
4. You work as an Attorney on Long Island... Your annual salary is $186,700 and you get paid Monthly. Next year you will be getting an 8% raise. Health Insurance for your family cost $26,400/yr. Your Law Firm pays 75% of the cost. The balance is deducted Monthly. Retirement is 3% of your Gross Pay. Life insurance cost $150/month. You also have $200 deducted from your paycheck for your Investment Account. Taxes include: FIT 12%, SIT 6%, FICA 6.2%, Medicare 1.45%... Find your Monthly Net Pay after all Taxes and other Deductions are Subtracted...
5. A Car Salesperson works at Atlantic Honda in Bay Shore, NY. He gets paid Monthly. The Salesman earns a 6% Commission Rate on all Vehicle Sales for the Month. Last month in Week #1 he sold cars Totaling $64,880... In Week #2 he sold cars Totaling $92,420... In Week #3 he sold a car for $26,240... In Week #4 he sold cars Totaling $104,620... Taxes are: FIT, SIT, FICA and Medicare... Other deductions are for Health Insurance and Life Insurance. Health Insurance cost $10,250/yr. The Dealership pays 50% of the cost with the balance deducted Monthly. Life Insurance is a $85 Deduction from his Monthly Gross pay. Find his Monthly Net Pay after all Taxes and other Deductions are Subtracted...
