question 10 (3.3 points) your gross pay is $1,233.00 on a weekly basis. your deductions are listed below. •…

question 10 (3.3 points) your gross pay is $1,233.00 on a weekly basis. your deductions are listed below. • 10% withholding for federal income tax • 7.65% for social security and medicare taxes • $94.04 health insurance cost (pre - tax) • $25 contribution to a 401(k) retirement fund (pre - tax) what is your weekly net pay? enter the dollar amount rounded to the nearest cent. your answer: answer

question 10 (3.3 points) your gross pay is $1,233.00 on a weekly basis. your deductions are listed below. • 10% withholding for federal income tax • 7.65% for social security and medicare taxes • $94.04 health insurance cost (pre - tax) • $25 contribution to a 401(k) retirement fund (pre - tax) what is your weekly net pay? enter the dollar amount rounded to the nearest cent. your answer: answer

Answer

Explanation:

Step1: Calculate federal income - tax deduction

$1233\times0.1 = 123.3$

Step2: Calculate Social - Security and Medicare tax deduction

$1233\times0.0765=94.3245$

Step3: Calculate total deductions

$123.3 + 94.3245+94.04 + 25=336.6645$

Step4: Calculate net pay

$1233−336.6645 = 896.3355\approx896.34$

Answer:

$896.34$