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6. cory gets paid every two weeks. he works 40 hours per week at $7.75 per hour. cory has the following deductions: 8% for medical insurance, 12% for federal and state taxes, and 10% for retirement. cory's net pay will be $________.​

User Promicro
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Answer:

$434

Explanation:

Gross Pay

  • $7.75 per hour
  • 40 hours per week
  • Pay received every 2 weeks

⇒ Total gross pay = 7.75 × 40 × 2 = $620

Deductions

  • Medical insurance = 8%
  • Taxes = 12%
  • Retirement = 10%

⇒ Total deductions = 8% + 12% + 10% = 30%

Net Pay

Net Pay = Total Gross Pay - Total deductions

= $620 - (30% of $620)

= $620 - (0.3 × $620)

= $620 - $186

= $434

Therefore, Cory's net pay will be $434.

User Relower
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