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Your biweekly gross pay is $3,040 and the following deductions are taken from your biweekly gross pay: federal tax: $700; state tax: $91.18; Social Security: $152; health plan: $45; life insurance: $8.50. Calculate your biweekly net pay. Calculate the percentage of deductions that are taken out of your gross pay. Round the percentage to the nearest tenth. Please show all work.

Verified Answer :

bcalle

Deductions: 700. + 91.18 + 152.+ 45.+ 8.50 = 996.68
Net pay = gross pay - deductions
Net pay:  3040.00-996.68 = 2043.32

Percentage of deductions:
996.68/3040.00 * 100 = 32.8%

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