Question

Chad Palmer's gross weekly salary as a logger is $ 630. He pays 6.2% Social Secu rity tax, 1.45% Medicare tax, and $14.20 for health insurance . What is Chad's monthly net pay?

Answer 1

Weekly salary= $630

Social security tax = 6.2%

Medicare tax = 1.45%

Helath insurance = $14.20

Multiply by the weekly salary by 4 , to obtain the monthly net pay:

630 x 4 = $2,520