Ginger earns $18,500 annually and has 22% of her gross earnings
withheld. What is the net amount of her paycheck each pay period if
she is paid biweekly?
1 - 22% = 1 -.22 = .78
($18,500 * .78)/26 pays = ?
I hope this helps.
To find the net amount of Ginger's paycheck each pay period, we first need to calculate the amount withheld from her gross earnings.
Step 1: Calculate the amount withheld:
Gross Earnings = $18,500
Withholding Percentage = 22%
To find the amount withheld, we need to multiply her gross earnings by the withholding percentage:
Amount Withheld = Gross Earnings * Withholding Percentage
Amount Withheld = $18,500 * 0.22
Amount Withheld = $4,070
Step 2: Calculate the net amount:
Since Ginger is paid biweekly, we need to divide the annual withholdings by the number of pay periods in a year:
Net Amount = (Gross Earnings - Amount Withheld) / Number of Pay Periods
Number of Pay Periods = 52 (number of weeks in a year) / 2 (biweekly)
Net Amount = ($18,500 - $4,070) / 26
Net Amount = $14,430 / 26
Net Amount = $555
Therefore, the net amount of Ginger's paycheck each pay period, if she is paid biweekly, is $555.