2 years ago

Jamie recently started working as

Mathematics

1 answer:

Mumz [18]2 years ago

5 0

Answer:

Step-by-step explanation:

From annual salary of 42,600, we have to subtract the following percentages:

Social Security:

0.062 * 42,600 = 2641.2

Medicare:

0.014 * 42,600 = 596.4

State Income Tax:

0.03 * 42,600 = 1278

Federal Income Tax:

0.13 * 42,600 = 5538

Total Deductions (from percentages) = 2641.2 + 596.4 + 1278 + 5538 = 10053.6

Now, remaining salary:

42,600 - 10053.6 = 32546.4 (annual)

Divided by 12 to get monthly:

32546.4 / 12 = 2712.2 (monthly)

Now, monthly deductions are:

260 + 280 = 540

Net Salary: 2712.2 - 540 =2172.2

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