Gross pay was $1325 every two weeks and your tax rate was 12.5% what’s the take home pay after taxes

Answer 1

To calculate your take-home pay after taxes, follow these steps:

1. Calculate the total amount of taxes withheld: \[ \text{Taxes} = \text{Gross Pay} \times \text{Tax Rate} \] \[ \text{Taxes} = 1325 \times 0.125 = 165.625 \]

2. Subtract the taxes from the gross pay to find the take-home pay: \[ \text{Take-Home Pay} = \text{Gross Pay} - \text{Taxes} \] \[ \text{Take-Home Pay} = 1325 - 165.625 = 1159.375 \]

So, the take-home pay after taxes every two weeks is $1159.38 (rounded to two decimal places).