Claire4christ
Ginny Jones receives $624 gross salary biweekly. Her income tax rate is 14%. Her grohealth plan contribution is $4.25 per pay period. She belongs to the company retiremeto which she contributes 6% of her earnings. She is also covered under Social Securitybenefits. Her current contribution is 6.05%.
If these items are all her deductions, what is her take-home pay per period?
Ginny gets a $35 raise per pay period. If her health plan is unchanged, how much of the will she have to take home? ____
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Chlorophyll
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Multiply percentage one by one with $624, then add them to get total induction!
Claire4christ
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but what do you do with 4.25
Claire4christ
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you mulitply that 2
Chlorophyll
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Add them together with the total induction!
Chlorophyll
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*Add $4.25
Chlorophyll
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Take-home pay period = $624 - total inductions
Claire4christ
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so i got 624x0.14=87.36
Chlorophyll
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This sentence makes no sense!
" how much of the (?) will she have to take home?
Claire4christ
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624x0.06=37.44
Chlorophyll
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Yes, keep going as my instruction!
Claire4christ
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how much will she take home
Claire4christ
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624x0.0605=37.75
Chlorophyll
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" how much of the (?) will she have to take home?
It seems how much of (some period of time)
Claire4christ
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so if i add them together i get 162.55
Chlorophyll
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Ok!
Claire4christ
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is that right
Chlorophyll
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I don't keep track of calculations!
Chlorophyll
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It's just a plug and play with your calculator, you should check your own work!