Question

Find the take-home percent of the gross pay: net pay $2301.23, gross pay $3984. round to the nearest percent.

Answer 1

Answer: 58 %

Explanation:

The take-home percent of the gross pay can be calculated with the following formula:

$take-home percent = \frac{net pay}{gross pay} \cdot 100$

In this problem, we have

net pay = $2301.23

gross pay = $3984

If we substitute these numbers into the formula, we find

$take-home percent = \frac{2301.23}{3984} \cdot 100=0.577\cdot 100=57.7\% = 58\%$

Answer 2

Answer:

Take-home pay as percent of the gross pay = 57.76 %

Step-by-step explanation:

Gross Pay = $3984

Net Pay = $2301.23

Net pay is equal to the take-home pay

Thus , take-home pay as percent of the gross pay  

= ($2301.23/$3984) x 100

= 57.76 %