Mark's gross pay for the week was $950.00. His total deductions were $118.54. What is his net pay?

Solution:

We know that,

Gross pay is the amount in the employment contract considered without any deductions.

Net pay is the amount received after deductions.

It is given that

Mark’s gross pay = $950.00

Mark’s total deductions = $118.54

Net pay can be found by subtracting gross pay with the total deductions

Net pay = Mark’s gross pay - Mark’s total deductions

Substituting the values

= 950 - 118.54

= 831.46

Therefore, his net pay is $831.46.

Mark's gross pay for the week was $950.00. His total deductions were $118.54. What is his net pay?

Summary:

Mark's gross pay for the week was $950.00. His total deductions were $118.54. His net pay is $831.46.