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dlinn [17]
3 years ago
12

In week 18 of 2011, employee earned gross pay of $560.00. The following deductions were taken out of gross pay by the employer:

Federal taxes were $55.00, S.S. $9.50 and state taxes, $11.25. To calculate net pay, the function and formula to calculate net pay would be:__________
Business
1 answer:
Vikentia [17]3 years ago
7 0

Answer:

The formula for calculating net pay would be;

Net pay=Gross pay-(federal taxes+social security+state taxes)

Net pay=$484.25

Explanation:

The gross pay is the total amount of pay without including the tax deductions while the net pay is the total pay after accounting for tax deductions. It is the amount that an employee actually receives on the pay day. The formula for determining the net pay is as follows;

N=G-D

where;

N=net pay

G=gross pay

D=tax deductions

And, D=F+S.S+S

F=federal taxes

S.S=social security tax

S=state taxes

As we can see, the tax deductions include; federal taxes, social security tax and state taxes.

In our case;

N=unknown to be determined

G=$560.00

F=$55

S.S=$9.50

S=11.25

D=F+S.S+S=55+9.5+11.25=$75.75

replacing;

N=(560-75.75)=$484.25

The formula for calculating net pay would be;

Net pay=Gross pay-(federal taxes+social security+state taxes)

Net pay=$484.25

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Answer:

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Explanation:

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Explanation:

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3 years ago
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Igoryamba

Answer:

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Explanation:

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7 0
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Explanation: Brainliest please

3 0
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Answer:

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Explanation:

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