Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I need help with this question. Please show all work, thank you! Mike Kohl, an employee of Spotswood Company, has gross earnings for the month
I need help with this question. Please show all work, thank you!
Mike Kohl, an employee of Spotswood Company, has gross earnings for the month of October of $8,000. FICA taxes are7.65% of gross earnings, federal income taxes amount to $1,270 for the month, state income taxes are 2% of gross earnings,and Mike authorizes voluntary deductions of $20 per month to the United Fund. What is the net pay for Mike Kohl?a.$5,950b.$5,938c.$5,963d.$5,958Oa..Ob..OC .Od..Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started