Ginny jones receives $650 gross salary biweekly. her income tax rate is 15%. her group health plan contribution is $24.50 per pay period. she belongs to the company retirement plan, to which she contributes 6.5% of her earnings. she is also covered under social security benefits. her current contribution is 7.65%. if these items are all her deductions, what is her take-home pay per period? ginny gets a $55 raise per pay period. if her health plan is unchanged, how much of the raise will she have to take home?

Considering biweekly as pay per period

Gross Salary of Ginny Jones biweekly= $ 650

Income tax rate = 15%

Amount given as income tax by Ginny Jones= 15 % of 650

                                                    = $ $

Group health plan Contribution =$ 24.50

Donation towards company retirement plan = 6.5% of $ 650

                                         =   $ $

Contribution towards Social Security benefits= 7.65% of $ 650

                                                   =    $ $

Money taken to home by Ginny biweekly i.e pay per period = Gross income - Deductions

                                                     =  650 - (97.50 + 24.50+42.25+49.725)

                                                      = 650 -213.975

                                                       =  $436.025

Money got by Ginny as a raise per period = $ 55

Total money taken to home by Ginny = $ 436.025 + $ 55

                                                             = $ 491.025

rotated. i took the test

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