Danny's gross earnings for the week are $1655.25 His deductions comprise 25% of his total compensation.

What is his net pay?

Enter your answer rounded to the nearest cent, such as: $4253.64.


A. $1655.50
B. $413.81
C. $2069.06
D. $428.85

EXPLAIN HOW YOU GOT THE ANSWER AS WELL!

Respuesta :

Given:

Danny's gross earnings for the week = $1655.25.

His deductions comprise 25% of his total compensation.

To find:

His net pay.

Solution:

We need to find the Danny's net pay, so we have to subtract the deductions from his gross earnings.

So, the net pay is:

[tex]\text{Net pay}=\text{Gross earnings}-25\%\ of\ \text{Gross earnings}[/tex]

[tex]\text{Net pay}=1655.25-\dfrac{25}{100}\times 1655.25[/tex]

[tex]\text{Net pay}=1655.25-413.8125[/tex]

[tex]\text{Net pay}=1241.4375[/tex]

Round the value to the nearest cent (two decimal places).

[tex]\text{Net pay}\approx 1241.44[/tex]

Therefore, the the net pay is $1241.44.

Note: All options are incorrect.

Based on the information given, the net pay will be $1241.44.

From the information given, Danny's gross earnings for the week are $1655.25 and his deductions comprise 25% of his total compensation.

Therefore, his net pay will be:

= $1655.25 - (25% × $1655.25)

= $1241.44

In conclusion, the correct option is $1241.44.

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