Answer the following questions using Paul Santiago’s paycheck. Be sure to show every step of your calculation. Round all final answers to the nearest hundredths place (two decimal places). Only final answers may be rounded.

1.What percentage of Paul Santiago’s gross income goes toward his dental coverage?

2. What percentage of Paul’s gross income is his net pay?

3. What percentage of Paul’s gross income goes toward taxes and deductions?

4. Each paycheck, Paul spends one sixth of his net pay on gasoline. How much money is that?

5a. Each paycheck, Paul Santiago spends 25% of his net pay on entertainment. How much money is that?

5b. Paul wants to spend $50.00 less on entertainment each paycheck. If he does this, what percentage of his net pay will be spent on entertainment?

6a. Since Paul received a raise this month, his gross income will be $1451.46 in his next paycheck. By what percent will his gross income increase?

6b. How can you write that percentage as a decimal?

6c. How can you write that percentage as a fraction?

 

Employee: Santiago, Paul Advice Date: 01/15/2013 Advice #: 111111 Net Pay: | $922.28 Employee ID: 11111 Pay Begin Date: 01/01/2013 Pay End Date: 01/15/2013 123 Main Street Boston, MA 12345 USA Department: HR & Payroll Systems Admin TAX DATA Work Location: 100 Main Office Road Federal MA State Paycheck Location: HR Payroll Marital Status Married Married Pay Group: Semimonthly Allowances 1.00 0.00 Addl. % 0.0% 0.0% Addl. Amt. $0.00 $0.00 HOURS AND EARNINGS TAXES --- Current ---- -- Year-to-Date -- Description Hours Earnings Hours Earnings Description Current YTD Regular Pay 0.00 1423.00 0.00 1,423.00 FICA 59.76 59.76 FICA-Med 20.64 20.64 FWT 67.49 67.49 MA SWTH 57.66 57.66 TOTAL 0.00 1,423.00 0.00 1,423.00 TOTAL 205.55 205.55 BEFORE-TAX DEDUCTIONS AFTER-TAX DEDUCTIONS EMPLOYER PAID BENEFITS Description Current YTD Description Current YTD Description Current YTD 15.50 United Way Parking, Pre-Tax Medical 15.50 10.00 10.00 Employee Life* 2.25 2.25 199.98 199.98 State Pension Plan 101.80 101.80 Dental 55.85 55.85 Employee Life Long-Term Disability 6.78 6.78 7.16 7.16 TOTAL 285.27 285.27 TOTAL 10.00 10.00 Taxable TOTAL GROSS Current Year-to-Date 1,423.00 1,423.00 TOTAL TOTAL TAXES DEDUCTIONS NET PAY Current 205.55 295.27 922.28 Year-to-Date 205.55 295.27 922.28 DIRECT DEPOSIT DISTRIBUTION Bank Name Account Type Account No. Deposit Amt. Any Bank USA Savings 111111 922.28