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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

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GirlsRbetteR  Aug 1, 2017
edited by GirlsRbetteR  Aug 1, 2017
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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

 

 

cool cool cool

CPhill  Aug 2, 2017

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