Question

Shirley Riddle earns ​$2 comma 327 biweekly. She is single and claims no withholding allowances. She saves​ 2% of her salary for retirement and pays ​$22.82 in nonexempt insurance premiums each pay period. The Social Security Tax is​ 6.2% from earnings to be taxed. The Medicare tax is​ 1.45% from all earnings. What are her net earnings for each pay​ period?

Answer 1

Shirley receive 2,126.16 dollars for each pay period.

Step-by-step explanation:

the saving are considered part of his net earnings. The employeer gives a certain amount and from there, Shirley makes a save.

gross pay: 2,327

insurance premium 22.82

Socal Security (6.2%) 144.274

medicare (1.45%) 33.7415

Total deductions 200.8355‬

Net pay: 2,126.1645‬ ≈ 2,126.16