Question

Your gross weekly salary is $800.00. Your federal income tax deduction is $53. The Social Security tax is 6.2%. The Medicare tax is 1.45% of gross pay. The state tax is 1.5% of gross pay. Each week you have $28.40 deducted for medical insurance and $12.00 for a health savings account. What is your net pay?

Answer 1

make an equation for this find the variables P and t and 200. Them plug the into an equation like y=mx+b.

Answer 2

The net weekly pay is $633.4

How to determine the net pay?

The gross pay is given as:

Gross = $800.00

The deductions are:

• Federal income tax deduction = $53.
• Social Security tax = 6.2%.
• Medicare tax = 1.45%
• State tax = 1.5%
• Medical insurance = $28.40
• Health savings account = $12.00

The net pay is then calculated as:

Net pay = 800.00 - (53 + 6.2% * 800 + 1.45% * 800 + 1.5% * 800 + 28.40 + 12.00)

Evaluate

Net pay = 633.4

Hence, the net weekly pay is $633.4

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