Question

You made $1,265.00 in gross pay this pay period. Your net pay was

$963.50. What percentage of your gross pay was withheld from your
paycheck for taxes and voluntary deductions? Round to the nearest whole
percentage.
11%
24%
65%
76%
. 1 point

Answer 1

the answer should be 14%

Answer 2

24%

Explanation:

Percentage = (Amount withheld / Gross pay) * 100

Given the information:

Amount withheld = Gross pay - Net pay = $1,265.00 - $963.50 = $301.50

Gross pay = $1,265.00

Percentage = ($301.50 / $1,265.00) * 100 ≈ 23.84

Rounded to the nearest whole percentage, the answer is 24%.