Final answer:
The question about Hope's paycheck is incomplete. To illustrate a similar scenario, one could start with a gross wage, subtract mandatory taxes like Social Security and Medicare, and account for other potential deductions to estimate the net deposit. The exact deposit amount would require detailed information about Hope's earnings and deductions.
Step-by-step explanation:
The question seems to be incomplete as it does not provide specific details about Hope's salary, deductions, or the actual amount Hope receives on payday. However, I can provide a general explanation as well as a hypothetical scenario to illustrate how Hope's paycheck would be calculated.
When you receive a paycheck from your employer, the money you have left is what remains after all required taxes and deductions have been taken out. Let's suppose Hope earns $1500 every two weeks. Out of this amount, taxes are deducted. The typical deductions include 6.2% for Social Security and 1.45% for Medicare, according to payroll tax requirements.
To calculate the take-home pay (the amount that would be deposited), you would subtract these percentages from the gross pay. For example:
Calculate Social Security tax: $1500 * 6.2% = $93.
Calculate Medicare tax: $1500 * 1.45% = $21.75.
Subtract the taxes from the gross pay: $1500 - $93 - $21.75 = $1385.25.
Therefore, if these were the only deductions, Hope's employer would have deposited $1385.25 into her checking account.
However, the actual amount can vary based on other possible deductions such as federal and state income taxes, health insurance, retirement contributions, or other benefits that may have been arranged with the employer.