We start with
$1,187.92
With the interest and the late fee charge
$1,187.92 (1 + 0.1225/12) + 30 = $1,230.05
With the interest minus the payment of $125
$1,230.05 (1 + 0.1225/12) - $125 = $1,117.60
The new principal after the latest payment is $1,117.60.
The answer is <u><em>0.76075</em></u>!
<em>Hope this helps!</em>
Answer:
i think it is..
Step-by-step explanation:
Given that Janice monthly salary is $2,396. And she has deductions of federal income tax withheld at the rate 15%, social security tax at the rate of 6.2% and medicare tax at the rate of 1.45% and health insurance premium worth 95$ per month.
Let us calculate total deductions.
Federal income tax = 15% of 2396 = 0.15*2396 =$359.4
Social security tax = 6.2% of 2396=0.062*2396 =$148.552
Medicare tax = 1.45% of 2396= 0.0145*2396=$34.742
<u>health insurance premium =$95 </u>
Total deductions = $637.694
To calculate Janice net pay we have to subtract deductions from monthly salary that is 2396-637.694 = $1758.306
Hence net pay of Janice is $1758.306 per month.