Tina earns $14,500 per year. If she has 20% withheld for deductions,
what is the net amount of her biweekly paycheck?
a. $2,900
b. $669.23
c. $111.54
d. $446.15
To find the net amount of Tina's biweekly paycheck, we need to calculate the amount withheld for deductions and subtract it from her annual salary.
First, let's calculate the amount withheld for deductions:
Amount withheld = Annual salary * Deduction rate
Amount withheld = $14,500 * 0.20
Amount withheld = $2,900
Now, let's find the net amount of her biweekly paycheck:
Net amount = (Annual salary - Amount withheld) / Number of pay periods per year
Net amount = ($14,500 - $2,900) / 26
Net amount = $11,600 / 26
Net amount ≈ $446.15
Therefore, the correct answer is d. $446.15.