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You make a salary of $700 per week. you have an insurance deduction of $65 per week and 12% withheld for taxes after your deduction. you have 3 weeks of unpaid leave per year.

You make a salary of $700 per week. you have an insurance deduction of $65 per week and 12% withheld for taxes after your deduction. you have 3 weeks of unpaid leave per year.
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You make a salary of $700 per week. you have an insurance deduction of $65 per week and 12% withheld for taxes after your deduction. you have 3 weeks of unpaid leave per year.

User Sjm
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1 Answer

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Annual net pay = (1 - 0.12)((52 - 3)(700) - 65(52 - 3)) = 0.88(49(700) - 65(49)) = 0.88(34300 - 3185) = 0.88 x 31115 = $27,381.20
User Finlay
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