Gina earns $19,750 annually and has 20% of her gross earnings
withheld. What is the net amount of her paycheck each pay period if
she is paid biweekly?
a. $607.69
b. $658.33
c. $14,000
d. $134.62
First, we need to calculate how much is being withheld from Gina's paycheck:
$19,750 x 0.20 = $3,950
This means that $3,950 is being withheld annually. To find out how much is being withheld per pay period (biweekly), we divide by the number of pay periods in a year:
$3,950 / 26 = $151.92
Now we can subtract the amount being withheld from Gina's gross pay to find her net pay per pay period:
$19,750 / 26 - $151.92 = $607.69
Therefore, the answer is (a) $607.69.