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Simmons earned a gross pay for the week of $694. If 8% was withheld for social security, 4% for Medicare taxes, 18% for income taxes, and $45 for insurance premiums, what was his net pay?

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shubhamchouhanvrVT

The net pay of Simmons will be $494 after the deductions.

What is net pay?

The net pay is defined as the actual amount earned after the deductions of taxes and loan emi etc.

here simmon's total earning is $694

After the deductions the simmon will left with:

694x0.92x0.96x0.88=539.38

Now the insurance premiums are of $45

So the final amount will be

=539.38-45=494.38

Hence net pay of Simmons will be $494 after the deductions.

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