CAULA WIL SOU OB
S BOSS annual salary
13.20 x 8 = 105.6 + 254 = 359.6
5. Josh just took a job working for a software company. His contract states he will receive an annual salary of
$61,500 and be paid monthly. Each month he will have the following deduction made from his paycheck:
Social Security at a rate of 5.2%
Medicare at a rate of 2.5%
State Taxes at a rate of 6%
.
Federal Taxes at rate of 15%
• Insurance premiums in the amount of $520
How much can Josh actually expect to receive on his net paycheck each month?
Student Workshoots Created by Matthew M. Winking of Phoenix High School
SECTION 6-1
2.79