Answer:
$568
Explanation:
Gross salary = $630
Social security tax = 6.2%
Medicare tax = 1.4%
Health insurance = $14.20
We add up what is paid as tax
= 6.2 + 1.4 = 7.6%
7.6% of $630
= 0.076 x 630
= $47.88
So he pays tax of 47.88 dollars from his gross salary
We add his tax to what he pays for health insurance
= 47.88 + 14.20
= $62.08
the formula for net pay:
gross salary - deductions
= $630 - $62.08
= $567.92
this is approximately $568
thank you!
