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Grace's gross pay for this month is $8,750. Her gross year-to-date pay, prior to this month, totaled $112,000. Grace's rate for federal income tax is

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Grace's gross pay for this month is $8,750. Her gross year-to-date pay, prior to this month, totaled $112,000. Grace's rate for federal income tax is 25%. Her voluntary deductions total $950. What is Grace's net pay? (Assume an OASDI rate of 6.2%, applicable on the first $118,500 earnings, and a Medicare rate of 1.45%, applicable on all earnings Round any intermediate calculation to two decimal places, and your final answer to the nearest dollar.) Multiple Choice $5,612.50 $4,943.12 $6,032.62 $6,552.00

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