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AfilCa [17]
3 years ago
8

Skye’s gross annual income is $36,192. She is paid weekly and has 4% deducted from her paychecks for her 403(b). Her employer ma

tches her deduction, up to 3%. How much is deposited into Skye’s 403(b) each payday?
Mathematics
1 answer:
S_A_V [24]3 years ago
8 0

Answer:

$48.72

Step-by-step explanation:

<u>Step 1:</u> identify the given parameters

Sky's gross annual income = $36,192

<u>Step 2:</u> calculate Sky's weekly salary

= 36,192/52

=$696/week

<u>Step 3: </u>calculate Sky's weekly 4% deduction

= $696 X 4%

=$696 X 0.04 = $27.84

<u>Step 4: </u>calculate Sky's weekly 3% deduction

= $696 X 3%

=$696 X 0.03 = $20.88

<u>Step 5</u>: calculate how much is deposited into Skye’s 403(b) each payday

= $27.84 + $20.88

=$48.72

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