Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Assume that Vance earns $36.00 per hour, that he worked 40 hours this week. The Social Security rate is 6.2% and the Medicare rate is
Assume that Vance earns $36.00 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, $225 in income taxes and $30 of union dues are withheld.
Vances take-home pay should be:
Select one:
$1,329.60
$1,074.84
$1,185.00
$1,440.00
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started