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Eric receives a net pay of $732.87 biweekly. He has $172 withheld fromhis pay each pay period. What is his annual gross salary?a. $19,787.26b. $19,054.62c. $23,526.62d. $21,716.88

User Aneesh
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1 Answer

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Given the word problem, we can deduce the following information:

1. Eric receives a net pay of $732.87 biweekly.

2. He has $172 withheld from his pay each pay period.

To determine the annual gross salary, we get the monthly gross salary first. Since the net pay is $732.87 biweekly and the withheld or the tax is $172, we add them and multiply by two to get the monthly gross salary. So,

Monthly gross salary = 2 ( $732.87+ $172) = $1,809.74

Then, we multiply $1,809.74 by 12 to get the annual gross salary.

Annual Gross Salary = 12 ($1,809.74) =$21,716.88

Therefore, the answer is d. $21,716.88.

User Landister
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