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At the end of the first pay period of the year, Sofia earned $4,500 of salary. Withholdings from Sofia's salary include FICA Social Security
At the end of the first pay period of the year, Sofia earned $4,500 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%, $510 of federal Income taxes, $170 of medical insurance deductions, and $20 of life Insurance deductions. Compute Sofia's net pay for this first pay period. (Round your intermediate and final answers to 2 decimal places.) Gross pay FICA Social Security FICA Medicare Federal income taxes Medical insurance deduction Life insurance deduction Total deductions Net pay 0.00
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