1)

Jim Brown, the only employee of Better Electronics Company, makes $51,600 per year and is paid once a month. For the month of July, his federal income taxes withheld are $360, state income taxes withheld are $55, social security tax is 6.2%. Medicare tax is 1.45%, State Unemployment Tax is 5.4%, and Federal Unemployment tax is 0.8%. What is Jim's net pay for July? Multiple Choice $4,300.00 $3,971.05 $3,556.05 $3,885.00