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Using a Calculator: Activity 3 of 3

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Want to know how much of your salary goes to taxes and other deductions like retirement plans? Here are some terms:

GROSS PAY is the amount of money you earned before paying taxes and other deductions.

NET PAY is the amount of money you’re left with after all the deductions are made.

 

Using a calculator, perform the math functions necessary to choose the correct answer.

John’s gross pay is $550 a week. 15% is taken out for federal taxes. How much of his weekly salary goes to federal taxes?
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