Answer:
$1560.60
Step-by-step explanation:
METHOD 1
We are deducting 2% of his gross earnings to get his net pay.
Convert 2% to decimals by dividing by 100.
2% ÷ 100 = 0.02
Multiply his gross earnings by the deduction rate to get how much is deducted:
$1592.45 * 0.02 = $31.85 (This number was rounded)
His net pay is gross pay minus the amount deducted.
$1592.45 - $31.85 = $1560.60
METHOD 2
Calculate 98% of his gross pay to get his net pay.
98% in decimal form is 0.98.
Multiply his gross pay by the amount he is actually paid (98%).
$1592.45 * 0.98 = $1560.60 (This number was rounded)
