Ask Question
20 October, 08:54

Last year, a janitorial supervisor had a gross income of $34,100, of which he contributed 8% to his 401 (k) plan. If he got paid bimonthly, how much was deducted from each paycheck for his 401 (k) plan?

A. 389.71

B. 227.31

C. 52.46

D. 113.67

0
Answers (1)
  1. 20 October, 09:51
    0
    There was a gross income of 34,100 ... 8% goes to 401K plan ...

    8% of 34,100 = 0.08 (34,100) = 2728

    he gets paid bimonthly ... so he gets paid twice a month ... and being that there is 12 months in a year, he gets paid (12 * 2) = 24 times

    2728/24 = 113.666 rounds to 113.67 each paycheck <==
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Last year, a janitorial supervisor had a gross income of $34,100, of which he contributed 8% to his 401 (k) plan. If he got paid bimonthly, ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers