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Nina [5.8K]
4 years ago
10

Given the pay rate, hours worked, tax deductions, and social security deduction, determine the gross earnings, group health insu

rance (assuming 15% of gross earnings), pension deduction (assuming 6.5% of gross earnings), total deductions, and net pay. This person worked 40 hours at a $7.50 rate.
Business
1 answer:
rusak2 [61]4 years ago
7 0

Answer:

$235.5

Explanation:

Total Earnings= 40 hours X $7.50 = $300 (Gross earnings)

Health insurance sum = Health insurance % X Gross earnings=15/100 X $300= $45

Pension Deduction Sum= Pension % X Gross earnings = 6.5 /100 X $300 = $19.5

From above calculation, the total deduction is $45 + $19.5 = $64.5

From the above calculation, the new pay is = $300 - $64.5 = $235.5

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