Question

Net pay is the difference between a worker’s gross income and his or her deductions. A person’s gross income for the year was $65,000 and their total deductions were $12,860. What was their net pay for the year? Use the formula P = I - d, where P is the net pay, I is the gross income and d is the deductions. a. $53,140 is the net pay b. $77,860 is the net pay c. $72,860 is the net pay d. $52,140 is the net pay

Answer 1

We are given that I = $65,000 and d = $12,860. Using the formula, we get:
$P = 65000-12860 = 52140$

So, the person's net pay is $52,140, and the answer is D.