Question

Shay's net pay is $575.50 biweekly. If her gross annual income is$17,500, how much is deducted from each paycheck?a. $153.67b. $2,537c. $97.58d. $3,688

Answer 1

a. $157.67

Step-by-step explanation:

>> net income (total amount without the taxes etc...)

. biweekly = $575.50

. per month = $575.50 * 2 = $1,151 (~since it happens 2 times per month)

. per year = $1,151 * 12 = $13,812

>> gross income (total amount with the taxes etc...)

. per year = $17,500

>> amount deducted (~going to taxes etc...)

. per year = $17,500 - $13,812 = $3,688

. per month = $3,688 / 12 =~ $307.33

. per paycheck = $307.33 / 2 =~ $153.67