Penny earns $25/hour at her job as an office manager and is paid monthly. She worked 130 hours this month. Her most recent paycheck includes the following deductions: FICA $248.00 Federal income tax $260.00 State income tax $97.50 Health insurance $166.67 Retirement savings $100.00 Considering her deductions, what percentage of her gross pay did Penny take home?

Answer rating: 100% (QA)

First lets calculate Pennys gross pay for the month Gross Pay H... View the full answer