Winnie earns an annual salary of $55,117. If she pays $3,715 a year in taxes and receives a paycheck every other week, how much does Winnie receive from each paycheck?
Subtract the taxes to get Winnie's Total net pay:
Total Net Pay = Annual Salary - Annual Taxes
Total Net Pay =$55,117 - $3,715
Total Net Pay = $51,402
Now, if Winnie gets paid every other week, and there are 52 weeks in a year, then she gets paid 26 times.
Calculate single paycheck amount
Single Paycheck Amount = Total Net Pay / 26 payments
Single Paycheck Amount = $51,402 / 26
Single Paycheck Amount = $1,977
Subtract the taxes to get Winnie's Total net pay:
Total Net Pay = Annual Salary - Annual Taxes
Total Net Pay =$55,117 - $3,715
Total Net Pay = $51,402
Now, if Winnie gets paid every other week, and there are 52 weeks in a year, then she gets paid 26 times.
Calculate single paycheck amount
Single Paycheck Amount = Total Net Pay / 26 payments
Single Paycheck Amount = $51,402 / 26
Single Paycheck Amount = $1,977