Problem

A framer earns a weekly gross pay of $815.75. She pays union dues at a rate of 312%, employment insurance at a rate of 414% and income tax at a rate of 16% of her gross pay. What is the dollar amount of each deduction and her take home pay? (5 marks)

Answer

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Answer

Take-home pay: 815.75193.74=$622.01

Steps

Step 1 :Let's find the dollar amount of each deduction:

Step 2 :Union dues: 815.75×3.5%=815.75×0.035=$28.55

Step 3 :Employment insurance: 815.75×4.25%=815.75×0.0425=$34.67

Step 4 :Income tax: 815.75×16%=815.75×0.16=$130.52

Step 5 :Total deductions: 28.55+34.67+130.52=$193.74

Step 6 :Take-home pay: 815.75193.74=$622.01

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