Paycheck
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?