Question

Jason was a recent graduate from a university program with a Bachelor of Science in Medical Technology. He will begin a position at the local hospital working 40 hours a week with an hourly rate of $25.50. He will receive a paycheck every two weeks. In a document, calculate the following. Be sure to show your mathematical calculations. Refer to pages 558 and 559 in your book. Gross Pay for 1 paycheck - Deductions for federal tax, state tax, and city tax - Deduction for F.I.C.A. or social security tax - Deduction of $117 for medical and dental insurance - What would Jason’s net monthly income and net annual salary be after taxes and insurance?

a) $718.50, $8622
b) $725.40, $8760
c) $732.30, $8892
d) $741.00, $9024

Answer 1

The provided information is inconsistent, making it impossible to calculate Jason's net monthly income and net annual salary accurately without clear and consistent details.

Step-by-step explanation:

The student's question cannot be directly answered as presented; it contains inconsistent information. The provided reference text suggests that Jason's salary is drastically reduced due to government income reduction, leaving him effectively earning $4.50 an hour. This is not consistent with the initial scenario that has Jason earning $25.50 per hour at his hospital job. Because this disparity leads to two vastly different income calculations, we cannot provide a main answer to the question about Jason's net monthly income and net annual salary after taxes and insurance deductions.It is important to pay careful attention to all given information when calculating income and deductions, ensuring all calculations are based on accurate data. Without clear and consistent details, it is advisable not to proceed with the calculation to avoid providing a misleading or incorrect answer.If the proper data were available, one would calculate the gross pay, subtract federal, state, and city taxes, the F.I.C.A. or social security tax, and the insurance deduction to arrive at the net pay.