question 13 (4.5 points) retake question your gross pay is $2,241.64 on a biweekly basis. your deductions…

question 13 (4.5 points) retake question your gross pay is $2,241.64 on a biweekly basis. your deductions are listed below. 10% withholding for federal income tax 7.65% for social security and medicare taxes $121.96 health insurance cost (pre - tax) $100 contribution to a 401(k) retirement fund (pre - tax) what is your biweekly net pay? enter the dollar amount rounded to the nearest cent. your answer: answer question 14 (4.5 points) retake question your gross pay is $50,431.10 per year. your deductions are listed below. 12% withholding for federal income tax 7.65% for social security and medicare taxes $3,134.83 health insurance cost (pre - tax) $1,800 contribution to a roth ira retirement fund (post - tax) what is your annual net pay? enter the dollar amount rounded to the nearest cent. your answer:

question 13 (4.5 points) retake question your gross pay is $2,241.64 on a biweekly basis. your deductions are listed below. 10% withholding for federal income tax 7.65% for social security and medicare taxes $121.96 health insurance cost (pre - tax) $100 contribution to a 401(k) retirement fund (pre - tax) what is your biweekly net pay? enter the dollar amount rounded to the nearest cent. your answer: answer question 14 (4.5 points) retake question your gross pay is $50,431.10 per year. your deductions are listed below. 12% withholding for federal income tax 7.65% for social security and medicare taxes $3,134.83 health insurance cost (pre - tax) $1,800 contribution to a roth ira retirement fund (post - tax) what is your annual net pay? enter the dollar amount rounded to the nearest cent. your answer:

Answer

Explanation:

Step1: Calculate federal income tax deduction for Question 13

$2241.64\times0.1 = 224.164$

Step2: Calculate Social - Security and Medicare tax deduction for Question 13

$2241.64\times0.0765 = 171.48546$

Step3: Calculate total deductions for Question 13

$224.164+171.48546 + 121.96+100=617.60946$

Step4: Calculate bi - weekly net pay for Question 13

$2241.64 - 617.60946\approx1624.03$

Step5: Calculate federal income tax deduction for Question 14

$50431.10\times0.12 = 6051.732$

Step6: Calculate Social - Security and Medicare tax deduction for Question 14

$50431.10\times0.0765 = 3858.97915$

Step7: Calculate total deductions for Question 14

$6051.732+3858.97915 + 3134.83+1800=14845.54115$

Step8: Calculate annual net pay for Question 14

$50431.10-14845.54115\approx35585.56$

Answer:

Question 13: $1624.03 Question 14: $35585.56