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2 votes
Christine's gross monthly salary at her job

is $5,250. She has the following
deductions from her paycheck.
What is Christine's net take-home pay per
month?

User Woutvdd
by
3.1k points

1 Answer

4 votes

Answer:

$2587.87 per month

Explanation:

The listed deductions are ...

  • 25% withheld for federal income tax
  • 9.3% withheld for California state income tax
  • 6.2% withheld for Social Security tax
  • 1.45% withheld for Medicare Tax
  • 0.9% withheld for SDI- Disability Insurance
  • 5% goes into her retirement 401K account
  • $150 goes to health insurance/ dental for her family

The percentages have a total of ...

25 +9.3 +6.2 +1.45 +0.9 +5 = 47.85 . . . percent

So, Christine's take-home pay is ...

$5250(1 -0.4785) -150 = $2587.87 . . . per month

User Simplexity
by
4.1k points