You have all the numbers, so
figure total pay
figure deductions
% = deductions/pay * 100
EMPLOYEE PAY STUB
EMPLOYER NAME EMPLOYEE NAME
Books & Nooks Mark Fitzgerald
EMPLOYER ADDRESS EMPLOYEE ADDRESS
1967 University Ave 5618 Maple St
Atlanta, GA 30334 Atlanta, GA 30355
EMPLOYER TELEPHONE EMPLOYEE #
555-502-5893 4068402
BANK ACCT SSN (LAST FOUR DIGITS)
249795016 1600
PAY PERIOD PAY DATE
07/06/2019 - 07/19/2019 07/26/2019
GROSS EARNINGS RATE HOURS CURRENT TOTAL YEAR TO DATE
REGULAR 16.5 80 $1320.00 $18,480.00
OVERTIME $0.00 $0.00
OTHER $0.00 $0.00
DEDUCTIONS CURRENT TOTAL YEAR TO DATE
FICA - MEDICARE $19.14 $267.96
FICA - SOCIAL SECURITY $81.84 $1145.76
FEDERAL TAX $33.42 $1867.88
STATE TAX $75.90 $1062.60
OTHER $0.00 $0.00
CURRENT GROSS YEAR-TO-DATE GROSS
$1320.00 $18,480.00
CURRENT DEDUCTIONS YEAR-TO-DATE DEDUCTION
$ $
CURRENT NET PAY YEAR-TO-DATE NET PAY
$ $15,535.80
What percent of Mark's pay do his deductions comprise? Enter your answer rounded to the nearest tenth, such as: 42.5.
figure total pay
figure deductions
% = deductions/pay * 100
Mark's deductions for this pay period are as follows:
FICA - MEDICARE: $19.14
FICA - SOCIAL SECURITY: $81.84
FEDERAL TAX: $33.42
STATE TAX: $75.90
Adding them up, we get a total deduction of $210.30.
Now, let's find out what percentage of Mark's pay this deduction represents:
Percentage = (Total Deduction / Gross Earnings) x 100
Percentage = ($210.30 / $1320.00) x 100
Percentage = 0.15909 x 100
Percentage ≈ 15.9 (rounded to the nearest tenth)
So, Mark's deductions comprise approximately 15.9% of his pay. That means he gets to keep around 84.1% of his hard-earned money. Don't worry, Mark, there's still hope for your wallet!
Total deductions = FICA - MEDICARE + FICA - SOCIAL SECURITY + FEDERAL TAX + STATE TAX + OTHER
= $19.14 + $81.84 + $33.42 + $75.90 + $0.00
= $210.30
Percent of Mark's pay that his deductions comprise = (Total deductions / Gross earnings) * 100
= ($210.30 / $1320.00) * 100
= 15.9%
Therefore, approximately 15.9% of Mark's pay is comprised of his deductions.
1. Find the total deductions by adding up the deductions listed:
- FICA - MEDICARE: $19.14
- FICA - SOCIAL SECURITY: $81.84
- FEDERAL TAX: $33.42
- STATE TAX: $75.90
- OTHER: $0.00
Total Deductions = $19.14 + $81.84 + $33.42 + $75.90 + $0.00 = $210.30
2. Calculate the percentage:
Percentage = (Total Deductions / Gross Earnings) * 100
Percentage = ($210.30 / $1320.00) * 100
Now, perform the calculations:
Percentage = (0.159 * 100) ≈ 15.9
Therefore, approximately 15.9% of Mark's pay comprises his deductions.