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BM427 Net Pay (#2)

Last updated about 5 years ago

6 questions

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Question 1

1.

Anna DeMarco has a semi-monthly gross pay of $4,809. With each paycheck, she pays $150 into a retirement fund. Her income tax is $688.12 per check. Calculate her NET PAY for each paycheck she receives. Include all of your entries in the table provided in the "show your work" space.

Question 2

2.

William Sykes gets paid biweekly. His yearly salary is $73,044. The amount of money taken out of each of his checks for income tax is $263.46. Calculate his NET PAY for each paycheck he receives. Include all of your entries in the table provided in the "show your work" space.

Question 3

3.

Beth Farinacci has gross weekly earnings of $588. Of her gross earnings, 4% is deducted from each check for her retirement fund and $27.48 is deducted for health insurance. The income tax amount that she pays in each check is $52.31. Calculate her NET PAY for each paycheck she receives. Include all of your entries in the table provided in the "show your work" space.

Question 4

4.

Anita Hill earns a gross pay of $983 semi-monthly. Her income tax is $166.25 per check. She also pays $12.83 each pay period for health insurance. Calculate her NET PAY for each paycheck she receives. Include all of your entries in the table provided in the "show your work" space.

Question 5

5.

Dwight Harris gets paid weekly. His gross pay per week is $525 and he pays $21.94 for insurance coverage. His income tax is $19.21 per check. Calculate his NET PAY for each paycheck he receives. Include all of your entries in the table provided in the "show your work" space.

Question 6

6.

Julius Erving gets paid biweekly and receives a gross pay of $3654 per check. He puts 5% of his earnings into a retirement fund. He pays $730.80 in income tax and $65.89 in insurance premiums each check. Calculate his NET PAY for each paycheck he receives. Include all of your entries in the table provided in the "show your work" space.