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2 At the end of the first pay period of the year, Sofia earned $5,000 of salary. Withholdings from Sofia's salary include FICA Social Security
2 At the end of the first pay period of the year, Sofia earned $5,000 of salary. Withholdings from Sofia's salary include FICA Social Security taxes at the rate of 6.2%, FICA Medicare taxes at the rate of 1.45%, $520 of federal income taxes, $180 of medical insurance deductions, and $30 of life insurance deductions. Compute Sofia's net pay for this first pay period. (Round your intermediate and final answers to 2 decimal places.) 10 points Gross pay FICA Social Security FICA Medicare Federal income taxes Medical insurance deduction Life insurance deduction Total deductions Net pay
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