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N76 [4]
2 years ago
12

the gross earnings • group health insurance (assuming 15% of gross earnings) pension deduction (assuming 6.5% of gross earnings)

• total deductions • net pay Earnings Deductions Description Rate Hours Current fed tax 55.00 Regular 7.75 40.0 state tax 15.50 SOC sec 21.25 health insr pension IN TOTAL DEDUCTIONS NET PAY​

Mathematics
1 answer:
sveta [45]2 years ago
3 0

Step-by-step explanation:

<u>Calculate the gross earnings:</u>

  • 40*7.75 = 310.00

<u>Health insurance deduction:</u>

  • 310.00*15/100 = 46.50

<u>Pension deduction:</u>

  • 310.00*6.5/100 = 20.15

<u>Total deductions:</u>

  • 55.00 + 15.50 + 21.25 + 46.50 + 20.15 = 158.40

<u>Net pay:</u>

  • 310.00 - 158.40 = 151.60
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