Cookies are required for login! Check our privacy consent banner for more details.
Erving Spencer makes a salary of $24,000 per year and he is paid biweekly. If his employer puts 6.5% into his pension, how much goes into the pension every paycheck? please show work leave a like if u answered
If he is paid biweekly, he receives 26 paychecks per year....so ....the amount of each paycheck is 24000 / 26 ≈ $923.08
And the amount put into the pension per paycheck = 923.08 * .065 ≈ $60.00