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Assume that Josh earns $72.00 per hour, that he worked 40 hours this week. The Social Security rate is 6.2% and the Medicare rate is
Assume that Josh earns $72.00 per hour, that he worked 40 hours this week. The Social Security rate is 6.2% and the Medicare rate is 1.45%, and his entire earnings are subject to both FICA taxes. Also, $450 in income taxes and $60 of union dues are withheld. Joshs take-home pay should be:
| A. | $2,370.00 | |
| B. | $2,659.20 | |
| C. | $2,149.68 | |
| D. | $2,880.00 |
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