Question

Edith earns an annual gross salary of $17,500. She has 28% of her gross salary withheld for taxes and other deductions. What is the net pay of each paycheck if she is paid weekly?

Answer 1

$242.31/wkly

Explanation:

$17,500.00 × 28% = $4,900.00

$17,500.00-$4,900 = $12,600.00

$12,600.00 ÷ 52/(weeks in a year) = $242.31 a week

$12,600 ÷ 12/month = $1,050.00

$1,050 ÷ 4/weeks = $262.50

Answer 2

$242.3

Explanation:

She earns $17500 per year. Multiply that number by 0.28 to get how much she withholds for taxes and other deductions. Subtract that number from 17500. You get 12600. Since there are 52 weeks in a year, divide 12600 by 52 to get how much she earns each week minus the 28 percent.

The number you get from this is $242.3, which is the net pay of each paycheck.