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

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

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

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:

$896.34$