Answer: 58 %
Explanation:
The take-home percent of the gross pay can be calculated with the following formula:
[tex]take-home percent = \frac{net pay}{gross pay} \cdot 100[/tex]
In this problem, we have
net pay = $2301.23
gross pay = $3984
If we substitute these numbers into the formula, we find
[tex]take-home percent = \frac{2301.23}{3984} \cdot 100=0.577\cdot 100=57.7\% = 58\%[/tex]
Answer:
Take-home pay as percent of the gross pay = 57.76 %
Step-by-step explanation:
Gross Pay = $3984
Net Pay = $2301.23
Net pay is equal to the take-home pay
Thus , take-home pay as percent of the gross pay
= ($2301.23/$3984) x 100
= 57.76 %
