Question

Clara earns $23,750 and has $2,495 withheld for taxes and $1,275 with-held for personal deductions. If she gets paid semimonthly, what isthe net pay of each paycheck?a. $832.50b. $605.96c. $1,575.50d. $1,312.92

Answer 1

Earns: $23,750

Withheld: $2,495 + $1,275 = $3,770

Net pay: $23,750 - $3,770 = $19,980

Monthly: $19,980/12 = $1,665

Semimonthly: $1,665/2 = $832.50

She gets paid $832.50 semimonthly (option a)