First, we need to calculate how much is withheld from Gina's gross earnings each pay period.
Gina's annual earnings are $19,750 and 20% of that is withheld, so the amount withheld each year is:
$19,750 * 0.20 = $3,950
Since Gina is paid biweekly, she receives 26 paychecks per year. Therefore, the amount withheld from each paycheck is:
$3,950 / 26 = $151.92
To find Gina's net paycheck amount, we subtract the amount withheld from her gross earnings:
Gross paycheck amount - Amount withheld = Net paycheck amount
$19,750 / 26 - $151.92 = $758.65 - $151.92 = $606.73
Therefore, Gina's net paycheck amount each pay period is $606.73.
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?
1 answer