Question

Samantha makes $28.00 per hour and is paid for a 40 hour work week. She pays 15% federal income tax, 62% social

security, 1.45% medicare, and she lives in a state with no state income tax. She pays 3% of her gross income for health
insurance and pays $25.00 per month for life insurance.
What is her gross annual salary?
b. What is her gross monthly salary?
C. What is her net monthly salary?
a.

Answer 1

$806.04

Explanation:

ok, so there is an everage of 4.348 weeks in a month, so lets just go with 4 weeks in a month. so in total she loses 81.45%of her paycheck to taxes, then $25 on top of that. 28.00*40*4=4480. $4480*0.8145=$3648.96. she loses $3648.96, then add 25 to that, you get $3673.96. $4480-$3673.96=$806.04