Question

Andres salary is $59,800 per year. He paid bi-weekly. Andres learns that 15% of his gross pay will be withheld for federal income tax, 4% for state income tax and 7.65% for Social Security and Medicare taxes. Calculate his bi-weekly pay.

Answer 1

Andres salary is $59,800 per year.

Since he is paid bi-weekly (once in two weeks) and a year has 52 weeks, he is paid 26 times, so the amount he is paid is:

$\frac{59800}{26}=2300$

So he is paid $2300. Now let's add the total percentage of taxes:

$15\text{\%}+4\text{\%}+7.65\text{\%}=26.65\text{\%}$

Calculating this percentage of his payment, we have:

$\frac{26.65}{100}\cdot2300=612.95$

So his bi-weekly pay is $612.95.