Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

An employee has gross earnings of $1,400 with withholdings of 6.2% FICAOASDI, 1.45% FICAMedicare, $50 for federal income tax and $10 for state income tax.

An employee has gross earnings of $1,400 with withholdings of 6.2% FICAOASDI, 1.45% FICAMedicare, $50 for federal income tax and $10 for state income tax. How much is the net pay? (Round any intermediate calculations to the nearest cent, and your final answer to the nearest whole dollar.)

A.

$1,293

B.

$1,233

C.

$1,283

D.

$1,243

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions