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Mario had the following deductions withheld from his weekly paycheck: $426.55 for federal income tax, $171.74 for FICA, $112.25 for state income tax, and $79.50 for healthinsurance. If his gross weekly pay was $2,245.00, what percentage rate did all the deductions represent of his gross weekly pay?35.2%36.4%37.5%39.7%None of these choices are correct.

Mario had the following deductions withheld from his weekly paycheck 42655 for federal income tax 17174 for FICA 11225 for state income tax and 7950 for healthi class=


Answer :

The deductions were 35.2% of the gross weekly pay

Firstly, we need to calculate the sum of all the deductions

We have this as;

[tex]426.55\text{ + 171.74 + 112.25 + 79.50 = \$790.04}[/tex]

Now, we divide this by the gross salary and multiply by 100%

We have this as;

[tex]\frac{790.04}{2,245}\times\text{ 100 \% = 35.20\%}[/tex]

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