Question

Erving Spencer makes a salary of $24,000 per year and he is paid biweekly. If his employer puts 6.5% into his pension, how much goes into the pension every paycheck? $15.60 $60 $65 $156

Answer 1

biweekly = every 2 weeks (26 weeks total)

each pay check = 24000/26=$924.08

0.065 x 924.08 = $60 pension per paycheck