Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If Rob earns $500/week and payroll is processed every other Friday (2 weeks), how much will Rob's net paycheck be if his federal income tax

If Rob earns $500/week and payroll is processed every other Friday (2 weeks), how much will Rob's net paycheck be if his federal income tax withholding is $80 for the period, FICA and medicare are 7.65% of gross pay and there are no other deductions made?

a. 913.50

b. 843.50

c.767.00

d.381.75

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Modern Auditing

Authors: William C. Boynton, Walter G. Kell

6th Edition

0471596876, 9780471596875

More Books

Students also viewed these Accounting questions