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Naadira receives an annual salary of $32500. She pays 4% of her weekly gross earnings into her pension fund. An additional $93.50 is deducted each week from her salary. Calculate a her weekly gross earnings b her weekly pension fund payment c her net income per week.



asked
User BFry
by
7.9k points

1 Answer

3 votes

Answer:

a) Weekly Gross Earnings: $625

b) Weekly Pension Fund Payment: $25

c) Net Income per Week: $506.50

Explanation:

Let's break it down:

a) Weekly Gross Earnings:

Naadira's annual salary is $32,500. To find the weekly earnings, you divide this by the number of weeks in a year. Assuming a standard work year of 52 weeks:

Weekly Gross Earnings = $32,500 / 52

b) Weekly Pension Fund Payment:

Naadira pays 4% of her weekly gross earnings into her pension fund:

Weekly Pension Fund Payment = 4% of Weekly Gross Earnings

c) Net Income per Week:

Deduct the weekly pension fund payment and the additional deduction from her gross earnings:

Net Income per Week = Weekly Gross Earnings - Weekly Pension Fund Payment - Additional Deduction

Certainly, let's calculate it step by step:

a) Weekly Gross Earnings:

\[ Weekly Gross Earnings = \frac{32,500}{52} \]

b) Weekly Pension Fund Payment:

\[ Weekly Pension Fund Payment = 0.04 \times \text{Weekly Gross Earnings} \]

c) Net Income per Week:

\[ Net Income per Week = \text{Weekly Gross Earnings} - \text{Weekly Pension Fund Payment} - 93.50 \]

Now, let's substitute the values and calculate:

a) \[ Weekly Gross Earnings = \frac{32,500}{52} \approx 625 \]

b) \[ Weekly Pension Fund Payment = 0.04 \times 625 \]

c) \[ Net Income per Week = 625 - \text{(Weekly Pension Fund Payment)} - 93.50 \]

Certainly, let's perform the calculations:

a) Weekly Gross Earnings:

\[ Weekly Gross Earnings = \frac{32,500}{52} \approx 625 \]

b) Weekly Pension Fund Payment:

\[ Weekly Pension Fund Payment = 0.04 \times 625 = 25 \]

c) Net Income per Week:

\[ Net Income per Week = 625 - 25 - 93.50 \approx 506.50 \]

answered
User Asteri
by
8.3k points
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