below is your first paycheck and you need to understand all the deductions taken from your pay: federal…

below is your first paycheck and you need to understand all the deductions taken from your pay: federal income tax (the percentage is different for everyone. 8% or.08 is used for this assignment) state income tax (5% or.05) social security tax (6.2% or.062) medicare tax (1.45% or.0145) abq office supplies pays you $15.00 per hour, and you work 35 hours per week. you are paid biweekly (every other friday). complete the calculations below to see what your paycheck will look like. calculate the biweekly total deductions:

below is your first paycheck and you need to understand all the deductions taken from your pay: federal income tax (the percentage is different for everyone. 8% or.08 is used for this assignment) state income tax (5% or.05) social security tax (6.2% or.062) medicare tax (1.45% or.0145) abq office supplies pays you $15.00 per hour, and you work 35 hours per week. you are paid biweekly (every other friday). complete the calculations below to see what your paycheck will look like. calculate the biweekly total deductions:

Answer

Explanation:

Step1: Calculate weekly pay

You work 35 hours per week and are paid $15.00 per hour. So the weekly pay is $15\times35 = 525$.

Step2: Calculate bi - weekly pay

Since you are paid bi - weekly (every two weeks), the bi - weekly pay is $525\times2=1050$.

Step3: Calculate federal income tax deduction

The federal income tax rate is 8% or 0.08. The federal income tax deduction is $1050\times0.08 = 84$.

Step4: Calculate state income tax deduction

The state income tax rate is 5% or 0.05. The state income tax deduction is $1050\times0.05 = 52.5$.

Step5: Calculate social security tax deduction

The social security tax rate is 6.2% or 0.062. The social security tax deduction is $1050\times0.062 = 65.1$.

Step6: Calculate medicare tax deduction

The medicare tax rate is 1.45% or 0.0145. The medicare tax deduction is $1050\times0.0145 = 15.225$.

Step7: Calculate total deductions

Add up all the deductions: $84 + 52.5+65.1 + 15.225=216.825$.

Answer:

$216.825$