Question

With the amount of money you received from your paycheck, ($589.69 you want to put 8% of it into your savings account. How much money will you be placing into your savings account?

Answer 1

Given:
pay = 589.69
rate = 8% of the pay into your savings account.

Simply multiply 8% to the amount of the paycheck.

589.69 x 8% = 47.18 amount to deposit to savings account

589.69 - 47.18 = 542.51 amount to take home