Mathematics, 03.12.2020 06:00 rebecabosca

Marlene expects her gross income to be $54,000 this year, and she expects her required deductions to amount to $15,000. Her employer covers 90% of the cost of a $4800-per-year health insurance plan and 80% of the cost of a $900-per-year life insurance plan, with the remainder of the cost coming out of Marlene's pay, and Marlene also expects to contribute 8% of her gross income this year to her 401(k) plan. She wants to calculate how much she will receive for each of her bimonthly paychecks. Part I: How much will Marlene pay for health insurance this year?

Part II: How much will Marlene pay for life insurance this year?

Part III: How much will Marlene contribute to her 401(k) plan this year?

Part IV: What is Marlene's projected take-home pay for the year?

Part V: How much will Marlene receive for each of her bimonthly paychecks?

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Marlene expects her gross income to be $54,000 this year, and she expects her required deductions to...