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Answer:
$3,722.875
Step-by-step explanation:
It was stated that the $61,500 would be payed to Tim annually, therefore before we can calculate the deductions we would first have to divide the annual pay by 12 (months in a year). You would then find that Tim receives $5,125 each month. The total value of the deductions would be 21.7% ( 6.2 + 1.5 + 3 + 11 = 21.7). 21.7% of 5,125 is 1,112.125 therefore, we would subtract this value and the value for the insurance from his monthly pay to find his net paycheck per month [5,125 - (1,112.125 + 290) = $3,722.875]