Shirley Riddle earns $2 comma 327 biweekly. She is single and claims no withholding allowances. She saves 2% of her salary for retirement and pays $22.82 in nonexempt insurance premiums each pay period. The Social Security Tax is 6.2% from earnings to be taxed. The Medicare tax is 1.45% from all earnings. What are her net earnings for each pay period?

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Business

Miya Harding

14 April, 16:23

Shirley Riddle earns $2 comma 327 biweekly. She is single and claims no withholding allowances. She saves 2% of her salary for retirement and pays $22.82 in nonexempt insurance premiums each pay period. The Social Security Tax is 6.2% from earnings to be taxed. The Medicare tax is 1.45% from all earnings. What are her net earnings for each pay period?

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Rowan Perkins · Answer 1

Shirley receive 2,126.16 dollars for each pay period.

Explanation:

the saving are considered part of his net earnings. The employeer gives a certain amount and from there, Shirley makes a save.

gross pay: 2,327

insurance premium 22.82

Socal Security (6.2%) 144.274

medicare (1.45%) 33.7415

Total deductions 200.8355‬

Net pay: 2,126.1645‬ ≈ 2,126.16