Question

6. cory gets paid every two weeks. he works 40 hours per week at $7.75 per hour. cory has the following deductions: 8% for medical insurance, 12% for federal and state taxes, and 10% for retirement. cory's net pay will be $________.​

Answer 1

Answer:   429.88

Step-by-step explanation:

The first 40 hours is at 9.50

40 *9.50 =380

The remaining hours is at 9.50 * 1.5 or 14.25

43.5 -40 = 3.5

3.5 * 14.25

49.875 = 49.88  ( rounding to the nearest cent)

Add together

380+49.88 =429.88

Answer 2

Answer:

Cory total paid = 40 × 7.75

= $310

Now,

Total deduction percent = 12% + 8% + 10%

= 30%

Total deduction amount = 30% of $310

= 30/100 × 310 = $93.

So, Cory's net pay = $310 - $93

= $217.