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?

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 Aug 1, 2017
edited by GirlsRbetteR  Aug 1, 2017


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

 Aug 2, 2017

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