Monica has a yearly salary of $28,700. Her employer withholds $3052 in state and federal taxes and $2180 in FICA taxes throughout the year. She has the following monthly costs: transportation is $220, cell phone bill is $50, student loans require $180 in repayment, and rent is $350. She is using the average monthly costs for each of the following in order to gain an idea of other monthly expenses: utilities are $260, internet is $105$⁢105, health insurance is $299, and groceries are $210. What is Monica’s monthly net pay amount? Round your answer to the nearest cent, if necessary.

To find Monica’s monthly net pay amount, we can follow these steps:

### Step 1: Calculate her annual net income.
Monica’s annual salary is $28,700. Her employer withholds $3,052 in state and federal taxes and $2,180 in FICA taxes. 

Her annual net income will be:

\[
\text{Annual Net Income} = \text{Salary} - \text{State and Federal Taxes} - \text{FICA Taxes}
\]
\[
\text{Annual Net Income} = 28,700 - 3,052 - 2,180 = 23,468
\]

### Step 2: Calculate her monthly net income.
Now, divide the annual net income by 12 to find the monthly net income:

\[
\text{Monthly Net Income} = \frac{23,468}{12} = 1,955.67
\]

### Step 3: Calculate her total monthly expenses.
Monica has several monthly expenses:

- Transportation: $220
- Cell phone bill: $50
- Student loans: $180
- Rent: $350
- Utilities: $260
- Internet: $105
- Health insurance: $299
- Groceries: $210

Summing up her monthly expenses:

\[
\text{Total Monthly Expenses} = 220 + 50 + 180 + 350 + 260 + 105 + 299 + 210 = 1,674
\]

### Step 4: Subtract expenses from her monthly net income.
Finally, subtract her total monthly expenses from her monthly net income:

\[
\text{Remaining Net Pay} = 1,955.67 - 1,674 = 281.67
\]

Thus, Monica’s monthly net pay amount after expenses is **$281.67**.

---

Do you have any questions or would you like more details?

### Related Questions:
1. How would Monica's net pay change if her FICA taxes increased by $500 annually?
2. What percentage of her income is spent on rent and utilities combined?
3. How much would Monica save annually if her grocery costs were reduced by 10%?
4. If her internet bill increases by 15%, how much more would she pay monthly?
5. What is the total annual amount Monica pays in student loan repayments?

**Tip**: Tracking your net income and expenses monthly can help you better plan for savings or unexpected costs.

Monica has a yearly salary of $28,700. Her employer withholds $3052 in state and federal taxes and $2180 in FICA taxes throughout the year. She has the following monthly costs: transportation is $220, cell phone bill is $50, student loans require $180 in repayment, and rent is $350. She is using the average monthly costs for each of the following in order to gain an idea of other monthly expenses: utilities are $260, internet is $105, health insurance is $299, and groceries are $210. What is Monica’s monthly net pay amount? Round your answer to the nearest cent, if necessary.

Learn how to calculate Monica's monthly net pay from her annual salary of $28,700 after taxes and expenses, including transportation, rent, and utilities. This problem covers subtraction, division, and budgeting, ideal for students in Grades 6-8.

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