Question

Alyssa Heartland's gross weekly salary is $605.00. She has the following deductions:

Single with four allowances: $68
Social security: 6.2% of gross pay
Medicare: 1.45% of gross pay
Medical insurance: $19.50
Credit Union: $9.78
Charity: $12.45
What is her net pay for this week?

Answer 1

$448.99

Explanation:

To calculate Alyssa Heartland's net pay for this week, we need to subtract her deductions from her gross salary.

First, let's calculate the Social Security deduction. Social Security is 6.2% of the gross pay. So, 6.2% of $605.00 is:

$605.00 * 0.062 = $37.51

Next, let's calculate the Medicare deduction. Medicare is 1.45% of the gross pay. So, 1.45% of $605.00 is:

$605.00 * 0.0145 = $8.77

Now, let's add up all the deductions:

$68 + $19.50 + $9.78 + $12.45 + $37.51 + $8.77 = $156.01

Finally, let's subtract the total deductions from the gross pay to find Alyssa's net pay:

$605.00 - $156.01 = $448.99

Therefore, Alyssa Heartland's net pay for this week is $448.99