Employee Net Pay Kenneth McFarland's weekly gross earnings for the week ending December 18 were $2,140, and his federal income tax withholding was $449.4. Assuming the social security rate is 6% and Medicare is 1.5% of all earnings, what is McFarland's net pay? If required, round your answer to two decimal places. 2,609.25 x Feedback Check My Work Net pay is the gross earnings minus payroll deductions. The amount of Medicare and social security withheld is based on an employee's gross earnings. Learning Objective 2