Question

Mario had the following deductions withheld from his weekly paycheck: $426.55 for federal income tax, $171.74 for FICA, $112.25 for state income tax, and $79.50 for healthinsurance. If his gross weekly pay was $2,245.00, what percentage rate did all the deductions represent of his gross weekly pay?35.2%36.4%37.5%39.7%None of these choices are correct.

Answer 1

The deductions were 35.2% of the gross weekly pay

Firstly, we need to calculate the sum of all the deductions

We have this as;

$426.55\text{ + 171.74 + 112.25 + 79.50 = \ 790.04}$

Now, we divide this by the gross salary and multiply by 100%

We have this as;

$\frac{790.04}{2,245}\times\text{ 100 \% = 35.20\%}$