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At the end of the first pay period of the year, Sofia earned $5,700 of salary. Withholdings from Sofias salary include FICA Social Security taxes
At the end of the first pay period of the year, Sofia earned $5,700 of salary. Withholdings from Sofias salary include FICA Social Security taxes at the rate of 6.2%, FICA Medicare taxes at the rate of 1.45%, $534 of federal income taxes, $194 of medical insurance deductions, and $44 of life insurance deductions. Compute Sofias net pay for this first pay period. Note: Round your intermediate and final answers to 2 decimal places
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