25

At the end of the first pay period of the year, Glenn earned $6,400 of salary Withholdings from Glenn's salary include Federal Insurance Contributions Act (FICA) Social Security taxes at the rate of 6.2%, Federal Insurance Contributions Act (FICA) Medicare taxes at the rate of 1.45%. 5768 of federal Income taxes, $245 of medical insurance deductions, and $17 of life insurance deductions. Compute Glenn's net pay for this first pay perlod. Multiple Choice $4.880.40 $5.542.40 $6,400.00 $5.910.40 $5.632 00 Multiple Choice $4,880.40 $5,142.40 $6,400.00 O $5,910.40 O $5,632.00