Answer the questions. Round answers to the nearest hundredth. Use a calculator if needed.

Emilio gets paid semi-monthly and has the following deductions taken out of his paycheck.

Taxes: $483.24 Retirement: $164.16 Insurance: $187.97

Find Emilio’s semi-monthy gross pay and net pay.
Incorrect
22.
Using the example, choose the best answer.

Semi-monthly gross pay: ___

$3,458

$3,320

$3,608

$3,192

1 answer

To find Emilio's semi-monthly gross pay, add all the deductions together and subtract from his total paycheck.

Total deductions: $483.24 + $164.16 + $187.97 = $835.37

Total paycheck: 835.37 + gross pay = 2 * gross pay

Gross pay = (Total paycheck - Total deductions) / 2
Gross pay = ($3,458 - $835.37) / 2
Gross pay = $2,622.63 / 2
Gross pay = $1,311.31

So, Emilio's semi-monthly gross pay is $1,311.31

Now, to find Emilio's net pay, subtract total deductions from his gross pay:

Net pay = Gross pay - Total deductions
Net pay = $1,311.31 - $835.37
Net pay = $475.94

So, Emilio's semi-monthly net pay is $475.94.