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BM427 Net Pay (#1)

Last updated over 5 years ago

4 questions

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Question 1

1.

Pam Dawber earns a monthly gross pay check in the amount of $5,291. Her monthly income tax is $479.05. Her company pays for a retirement account for her, but she pays $52.83 each month for health insurance premiums. Calculate her NET PAY for each month. Include all of your entries in the table provided in the "show your work" space.

Question 2

2.

Shirley Feeney earns $1,319 biweekly in gross pay. Her biweekly income tax is $182.40. She pays $22.80 in each paycheck for insurance premiums and puts 2% of each paycheck towards a retirement account. Calculate her NET PAY for each biweekly period. Include all of your entries in the table provided in the "show your work" space.

Question 3

3.

Ronnie Bass' weekly gross pay is $615. His weekly income tax is $37.51. He pays 3% of his gross earnings for his retirement fund and he also pays $25.97 for insurance premiums. Calculate his NET PAY for each week. Include all of your entries in the table provided in the "show your work" space.

Question 4

4.

Richie Cunningham's biweekly gross pay is $3,212.88. The biweekly income tax deduction amount is $578.32. He contributes 2.5% of his biweekly gross earnings for his retirement fund and he also pays $53.45 for health insurance. An additional $125 is taken out of his biweekly paychecks for child support. Calculate his NET PAY for each biweekly pay period. Include all of your entries in the table provided in the "show your work" space.