## Simon’s salary has increased by 6% p.a. over the past three years. it is now $35730.40 p.a. a) what did he earn per year three years ag

Question

Simon’s salary has increased by 6% p.a. over the past three years. it is now $35730.40 p.a.

a) what did he earn per year three years ago

b) what is his gross monthly salary at the present rate

c) His deductions each month amount to 22.5% of his gross salary. what is his net pay per month?

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Mathematics
4 hours
2021-07-22T11:17:38+00:00
2021-07-22T11:17:38+00:00 1 Answers
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## Answers ( )

Answer:

Step-by-step explanation:

The employee earns $10,100/month, with his employer paying 1.5 times the regular rate of pay for overtime hours. To date, he has earned $124,740 during the year. He has requested that his employer withhold 12% of gross pay, which is to be contributed to a 401(k) plan. Taxable income for federal income tax withholding = $