Question

Yolinda earns $4,000 per month. The following amounts are deducted from her gross wages: $584 federal income taxes, $248

Social Security, $58 Medicare, $120 state income taxes, and $120 health insurance.
With her raise of 6.5%, Yolinda's deductions increase to $1,217.69. How much did Yolinda's take-home pay increase?

Answer 1

amount of deductions from gross salary before increased salary: $1130

net salary: 4000-1130=$2870

increase of 6.5%,

new gross salary: 4000*1.065=$4260

Yolinda's deductions increase to $1,217.69

How much did Yolinda's take-home pay increase?

former gross salary: $4000

new gross salary: $4260

former net salary: $2870

new net salary 4260-1217.69=$3042.31

increase in net salary: 3042.31-2870=$172.31