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
First, we need to find out how much of Tina's annual salary is withheld for deductions:
$14,500 x 0.20 = $2,900
This means that $2,900 is withheld every year for deductions. To find out how much is taken out of each biweekly paycheck, we divide this amount by the number of pay periods per year:
$2,900 ÷ 26 = $111.54
Therefore, the net amount of Tina's biweekly paycheck is:
$14,500 ÷ 26 - $111.54 = $446.15
The answer is d. $446.15.