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Bob's Auction House's payroll for June includes the following data: Gross earnings $3,000 Salaries subject to FICA: 6.2% OASDI 2,800 1.45% Medicare 3,000 Salaries subject
Bob's Auction House's payroll for June includes the following data:
Gross earnings | $3,000 | |
Salaries subject to FICA: | ||
6.2% OASDI | 2,800 | |
1.45% Medicare | 3,000 | |
Salaries subject to unemployment: | ||
0.8% FUTA | 2,000 | |
2.0% SUTA | 2,000 | |
Other deductions include: | ||
Federal income tax | 700 | |
State income tax | 300 |
What is the net pay? (Round intermediary calculations to the nearest cent and final answers to the whole dollar.)
A. $1,483
B. $783
C. $1083
D. 1783
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