Richard receives a paycheck twice each month. Here’s a copy of one of his pay statements. If there are 2 paydays per month, what
is Richard’s monthly net income? $
Pay statement for Richard Smith for pay period January 6 to 19, 2014, with all amounts in dollars and cents - gross pay 1135.00, deductions (federal income tax 137.25, Social Security tax 47.67, Medicare tax 16.46, Medical insurance premium 73.00), total deductions 274.38, net pay 860.62
For the answer to the question above asking what is Richard’s monthly net income if <span>Richard receives a paycheck twice each month. Here’s a copy of one of his pay statements. If there are 2 paydays per month? The answer for this is first solved for his Net Pay then you can multiply it by two so that you can get his monthly net income.</span>
