1. Kane earns an annual salary of $42,500.
1 answer:
Answer:
$1753.13
Step-by-step explanation:
Kane's Annual Salary = $42,500
Gross Pay = $42,500
Net Pay = Gross Pay - 1% of Gross Pay
=42500 - (0.01 X 42500)
=$42,075
Since he is paid twice a month with paychecks being of equal amounts.
Number of Payments in a Year =12 X 2= 24
Therefore, Kane's Take Home pay after Medicare taxes
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