Question
Donald Knowlton had total gross earnings of $118,200 in the last week of November. His earnings for the first week in December were $804.70. His
Donald Knowlton had total gross earnings of $118,200 in the last week of November. His earnings for the first week in December were $804.70. His employer uses the percentage method to calculate federal withholding (Table 9.1 and 9.2). If Gerald is married and claims two allowances, and has medical insurance of $52.25 deducted each week from his pay, what is his net pay for the week? (HInt: Remember that the current base for social security is $118,500.)
there isn't a table attached to the question. The answers choices are:
$698.34
$678.71
$667.04
$719.29
Can you figure it out using the answers?
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