Sign In
Ask Question
Mathematics
Bridger Cline
7 November, 18:41
How do you calculate take-home pay?
+1
Answers (
1
)
Brooke Carter
7 November, 18:47
0
The calculation of take home pay is the actual amount calculation of how much you will be credited on a job done well.
Step-by-step explanation:
Before calculation, things to be taken care of are -
Gross pay amount Personal exemptions Tax status Deductions of payroll
Now knowing these much in exact form of amount, we may proceed to calculation -
The annual income according to the gross pay amount is calculated by simply multiplying the gross pay amount to 12. The FICA tax percentage is known according to the tax slab of your annual income, so determine the FICA tax percent amount Other Personal Exemptions with Standard Deduction and Pay Roll Deductions are to be calculated Sum up all the taxable income and non taxable income separately, and deduct the amount of tax from the taxable income. The left over amount now shown is the annual income. Divide the annual income after the tax deduction by 12 to know the take home pay for monthly basis.
Comment
Complaint
Link
Know the Answer?
Answer
Not Sure About the Answer?
Get an answer to your question ✅
“How do you calculate take-home pay? ...”
in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
A school conducts 27 tests in 36 weeks. Assume the school conducts tests at a constant rate. What is the slope of the line that represents the number of tests on the y-axis and the time in weeks on the x-axis? A. 3/4 B. 4/3 c. 3 D. 4
Answers (2)
Last year, the number of students enrolled in the school was 672. If the number increases by 12% the next year, how many students will there be
Answers (1)
A pizza place offers the following toppings: pepperoni, sausage, onions. green peppers, and mushrooms. How many different kinds of pizzas with three toppings (between none and all five) can be ordered?
Answers (1)
A number cc minus 3.4 is less than 14. Write this word sentence as an inequality.
Answers (1)
A coin is loaded so that the probability of getting heads is 3/4. If the coin is flipped twice, what is the probability of getting heads twice?
Answers (2)
New Questions in Mathematics
Estimate how many 12 inch will be about the same length as the object
Answers (1)
What is the area of the following circle? Elther enter on exact answer in terms of or use 3.14 for and enter your answer as a decimal. r = 5
Answers (1)
In the triangles below, m B = MZP and mZT = m J. What is the length of PQ? 6 3 5 12
Answers (1)
A lakeshore lot was describe in a real estate magazine.
Answers (1)
Marvin earns $8.25 per hour At his summer job he wants to buy video game system that costs $206.25 wright equation to model the relationship between number of hours worked h and amount earned e
Answers (1)
Home
»
Mathematics
» How do you calculate take-home pay?
Sign In
Sign Up
Forgot Password?