Question

Richard receives a paycheck twice each month. Here’s a copy of one of his pay statements. If there are 2 paydays per month, what is Richard’s monthly net income?

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Pay statement for Richard Smith for pay period January 6 to 19, 2014, with all amounts in dollars and cents - gross pay 1135.00, deductions (federal income tax 137.25, Social Security tax 47.67, Medicare tax 16.46, Medical insurance premium 73.00), total deductions 274.38, net pay 860.62

Answer 1

For the answer to the question above asking what is Richard’s monthly net income if Richard receives a paycheck twice each month. Here’s a copy of one of his pay statements. If there are 2 paydays per month?
The answer for this is first solved for his Net Pay then you can multiply it by two so that you can get his monthly net income.