Question

Chris earns an annual gross salary of $20,550. If she has $6,500
withheld annually for deductions, what percent of her salary is
withheld for deductions?
a. 31.63
b. 31.61
c. 3.2
d. 3.16

Answer 1

To find the percent of Chris's salary withheld for deductions, we need to divide the amount withheld by her gross salary and then multiply by 100 to convert to a percentage:

percent withheld = (amount withheld / gross salary) x 100
percent withheld = (6,500 / 20,550) x 100
percent withheld = 0.3162 x 100
percent withheld = 31.62

Therefore, the closest answer choice is (b) 31.61.