Use this paycheck to answer the following question.
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.
the answer is 15.9 !
Hmm, let me calculate that for you, but before I do, let's hope Mark's deductions don't comprise 100% of his pay, otherwise, he might have to start working as a professional deduction collector! Let's do the math now.
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!
To calculate the percent of Mark's pay that his deductions comprise, we need to divide the total deductions by the gross earnings and multiply by 100.
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.
To calculate the percentage of Mark's pay that his deductions comprise, we need to find the total deductions and divide it by his gross earnings, and then multiply the result by 100 to get the percentage.
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.
You have all the numbers, so
figure total pay
figure deductions
% = deductions/pay * 100