To calculate how much is withheld each month for savings, we first need to find Bryna's monthly salary by dividing her annual salary by 12 (the number of months in a year):
Monthly salary = $17,500 / 12 = $1,458.33
Next, we need to calculate how much Bryna contributes to the payroll savings plan each month:
Amount withheld for savings = Monthly salary * 7%
Amount withheld for savings = $1,458.33 * 0.07
Amount withheld for savings = $102.08
Therefore, Bryna has $102.08 withheld each month for savings.
Bryna contributes 7% of her salary to a payroll savings plan. if her
annual salary is $17,500, how much is withheld each month for savings?
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