Question

Last year, a janitorial supervisor had a gross income of $34,100, of which he contributed 8% to his 401(k) plan. If he got paid bimonthly, how much was deducted from each paycheck for his 401(k) plan?
A.389.71
B.227.31
C.52.46
D.113.67

Answer 1

Answer:

113.67

Step-by-step explanation:

APEX

Answer 2

There was a gross income of 34,100....8% goes to 401K plan..
8% of 34,100 = 0.08(34,100) = 2728

he gets paid bimonthly...so he gets paid twice a month...and being that there is 12 months in a year, he gets paid (12 * 2) = 24 times

2728/24 = 113.666 rounds to 113.67 each paycheck <==