question archive Employee Net Pay Maxwell Friedman's weekly gross earnings for the week ending March 9 were $3,260, and her federal income tax withholding was $619
Employee Net Pay Maxwell Friedman's weekly gross earnings for the week ending March 9 were $3,260, and her federal income tax withholding was $619
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Employee Net Pay Maxwell Friedman's weekly gross earnings for the week ending March 9 were $3,260, and her federal income tax withholding was $619.40. Assuming the social security tax rate is 6% and Medicare tax is 1.5% of all earnings, what is Friedman's net pay? If required, round your answer to two decimal places. $
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Answer:
| Gross pay | 1886.54 | ||
| Deductions: | |||
| Federal income tax | 415.04 | ||
| Social security | 113.19 | ||
| Medicare tax | 28.30 | 556.53 | |
| Net pay | 1330.01 | ||
