given tobys paycheck, answer the following questions: what is his annual salary? how often does he get paid…

given tobys paycheck, answer the following questions: what is his annual salary? how often does he get paid? what percentage of his gross pay is his federal income tax? what percentage of his gross pay is his total deductions?

given tobys paycheck, answer the following questions: what is his annual salary? how often does he get paid? what percentage of his gross pay is his federal income tax? what percentage of his gross pay is his total deductions?

Answer

Explanation:

Step1: Identify gross - pay per period

From the pay - stub, the current gross pay is $5,518.67.

Step2: Determine pay - frequency

There is no clear indication of pay - frequency in the provided information. But if we assume a monthly pay (a common assumption without other data), we can calculate annual salary. Annual salary = Gross pay per period×Number of periods in a year. Assuming monthly pay, number of periods = 12. So, annual salary = $5,518.67×12 = $66,224.04.

Step3: Calculate percentage of federal income tax

Federal income tax current amount = $668.52, Gross pay = $5,518.67. Percentage of federal income tax = $\frac{668.52}{5,518.67}\times100%\approx12.11%$.

Step4: Calculate percentage of total deductions

Total deductions current amount = $1,318.21, Gross pay = $5,518.67. Percentage of total deductions = $\frac{1,318.21}{5,518.67}\times100%\approx23.89%$.

Answer:

Annual salary: $66,224.04 Pay - frequency: Assumed monthly (no clear indication in the stub) Percentage of federal income tax: Approximately 12.11% Percentage of total deductions: Approximately 23.89%