question 19 (4.5 points) your gross pay is $1,119.72 on a weekly basis. your deductions are listed below…

question 19 (4.5 points) your gross pay is $1,119.72 on a weekly basis. your deductions are listed below. 10% withholding for federal income tax 7.65% for social security and medicare taxes $78.42 health insurance cost (pre - tax) $25 contribution to a roth ira retirement fund (post - tax) what is your weekly net pay? enter the dollar amount rounded to the nearest cent. your answer: question 20 (4.5 points) your gross pay is $948.72 on a weekly basis. your deductions are listed below. 10% withholding for federal income tax 7.65% for social security and medicare taxes $54.69 health insurance cost (pre - tax) $50 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:

question 19 (4.5 points) your gross pay is $1,119.72 on a weekly basis. your deductions are listed below. 10% withholding for federal income tax 7.65% for social security and medicare taxes $78.42 health insurance cost (pre - tax) $25 contribution to a roth ira retirement fund (post - tax) what is your weekly net pay? enter the dollar amount rounded to the nearest cent. your answer: question 20 (4.5 points) your gross pay is $948.72 on a weekly basis. your deductions are listed below. 10% withholding for federal income tax 7.65% for social security and medicare taxes $54.69 health insurance cost (pre - tax) $50 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

Explanation:

Step1: Calculate total deductions

First, find the sum of all deductions. The deductions are: federal income - tax ($10%$ of $948.72$), Social - Security and Medicare taxes ($7.65%$ of $948.72$), health insurance cost ($54.69$), and 401(k) contribution ($50$). Federal income - tax: $0.1\times948.72 = 94.872$. Social - Security and Medicare taxes: $0.0765\times948.72=72.57608$. Total deductions $D=94.872 + 72.57608+54.69 + 50=272.13808$.

Step2: Calculate net pay

Net pay $N$ is the gross pay minus the total deductions. $N = 948.72-272.13808 = 676.58192\approx676.58$.

Answer:

$676.58$