1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Greeley [361]
1 year ago
15

Tim just took a job working for a software company. His contract states he will receive an annual salary of $61,500 and be paid

monthly. Each month he will have the following deduction made from his paycheck:
Social Security at a rate of 6.2%
Medicare at a rate of 1.5
State Texes at a rate of 3%
Federal Taxes at rate of 11%
Insurance premiums in the amount of $290

How much can Tim actually expect to receive on his net paycheck each month?
​
Mathematics
1 answer:
PilotLPTM [1.2K]1 year ago
3 0

Answer:

$3,722.875

Step-by-step explanation:

It was stated that the $61,500 would be payed to Tim annually, therefore before we can calculate the deductions we would first have to divide the annual pay by 12 (months in a year). You would then find that Tim receives $5,125 each month. The total value of the deductions would be 21.7% ( 6.2 + 1.5 + 3 + 11 = 21.7). 21.7% of 5,125 is 1,112.125 therefore, we would subtract this value and the value for the insurance from his monthly pay to find his net paycheck per month [5,125 - (1,112.125 + 290) = $3,722.875]

You might be interested in
HELP ME ASAP!!!
nadezda [96]

Answer:

1 \frac{7}{12}

3 \frac{19}{24}

8 \frac{3}{10}

5 \frac{1}{7}

5 \frac{5}{12}

3 \frac{11}{15}

Step-by-step explanation:

To add or subtract you need to make the denominator the same. To do this you need to find the least common multiple.

7 0
3 years ago
Read 2 more answers
Micheal was asked to give examples of the identity property of addition and identity multiplication. Below are his answers.
xxMikexx [17]

Answer:

identity property of addition-

a+0=a

identity property of multiplication-

a*1=a

Step-by-step explanation:

i cant give u an exact answer as u didnt give Micheals answers so i just gave some examples about what addition and multiplication identity property should look like. Identity property's concept is to keep the same identity. Basically, "a" shouldnt change. In addition, to keep a the same all u hv to do is add 0 as anything plus 0 is the same. for multiplication, just multiply by 1. Hope this helps!!

5 0
3 years ago
Help me plzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
Mademuasel [1]
The first option, as it positively supports the claim stated.
7 0
3 years ago
Read 2 more answers
I need help ASAP pls help me!!:/
Olin [163]

Answer:

if i am right it yes yes no

Step-by-step explanation:

5 0
2 years ago
Read 2 more answers
JKL is a straight line.
NeTakaya
XMK x 356 is the correct answer
8 0
3 years ago
Read 2 more answers
Other questions:
  • Explain how you can use a model to find 6 times 7
    15·1 answer
  • 1.What is 6 cups converted into fluid ounces
    15·2 answers
  • Can yall please help me...…….
    11·1 answer
  • Suppose that 3% of the 2 million high school students who take the SAT each year receive special accommodations because of docum
    6·1 answer
  • Round 3184.5641 to the nearest hundred
    7·2 answers
  • Most widely Spoken Languages
    9·2 answers
  • What is the radius of the cylinder?
    11·1 answer
  • I need help with this i need u to help ne wit the number line
    5·1 answer
  • Please help me with this question please!! Steven is taxed 1/3 of his weekly wages. He saved 1/8 of what is left over. He saves
    9·1 answer
  • The value of a certain rare stamp is 160% of its value three years ago if the stamp is worth $220 then what is it’s worth today
    8·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!