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At the end of the first pay period of the year, Sofia earned $ 4 , 0 0 0 of salary. Withholdings from Sofia's salary

At the end of the first pay period of the year, Sofia earned $4,000 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%,$500 of federal income taxes, $160 of medical insurance deductions, and $10 of life insurance deductions. Compute Sofia's net pay for this first pay period.
\table[[Gross pay,,,$,4,000],[FICA Social Security,$,248,,],[FICA Medicare,,58,,],[Federal income taxes,,500,,],[Medical insurance deduction,,10,,],[Life insurance deduction,,976,,],[Total deductions,,,,1,792],[Net pay,,,$,3,024]]
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